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TrendWatch Blog

The high cost of layoffs in Adobe-land

09-Dec-2008 --

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.

- Submitted by: Kas Thomas, Analyst - Twitter: kasthomas

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