Last December, Adobe cut 8% of its workforce, or 600 jobs. The company has obviously grown since then since today's announcement that it is cutting 9% of its workforce, or 680 jobs.
Last year's were as a result of the recession, this year's are "to appropriately align our costs in connection with our 2010 operating plan." Expect approximately $70 million in restructuring charges, including about $19 million in leased facility consolidation and the remainder in severance packages (for approximately $74,000 per severed employee).
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