The high cost of layoffs in Adobe-land

Added By Kas Thomas at 9-Dec-2008 | Twitter: @KasThomas |

Ironically, laying people off (as a way to improve operating efficiency) is not cheap. Just ask Adobe Systems.

Citing weaker-than-expected demand for its new Creative Suite 4 family of products that began shipping in Q4 in North America and Europe, Adobe announced that it will let go of approximately 600 full-time employees. The restructuring move will cost Adobe $44 million to $50 million -- about $80,000 per employee.

Categories: Kas Thomas, Component Content Management, Vendor Viability & Financials, FrameMaker