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Aussie Adobe staff face uncertain future

Aussie Adobe staff face uncertain future

Vendor to cut workforce again with Australia to be impacted

The future of Australian Adobe staff is uncertain after the company announced it will layoff 680 employees across its global workforce.

A spokesperson for Adobe’s Australian arm told Computerworld there will be a “minor” impact on the local workforce, but said it would not disclose exact figures.

“We’re not divulging any of the details outside of the main number that’s in the [US Securities and Exchange Commission (SEC)] filing, but there will be a minor impact on Asia-Pacific,” an Adobe spokesperson said.

The SEC filing said: “On November 10, 2009, we announced a workforce reduction to appropriately align our costs in connection with our 2010 operating plan (the “Restructuring Plan”). As a result, we expect to eliminate approximately 680 full-time positions worldwide.”

The cuts make up approximately nine per cent of its workforce, and are said to bring Adobe's costs in line with its 2010 budget.

The vendor announced a previous round of layoffs last December, when it said it would cut 600 jobs worldwide to reduce costs.

In September Adobe posted third-quarter profits of $US136 million, down from $191.6 million in the third quarter of 2008. Revenue also fell, to $697.5 million from $887.3 million a year earlier.

This latest restructuring will result in pretax charges of $65 million to $71 million, including about $50 million for severance payments and $18 million to consolidate leased facilities, the company said.

Additional reporting by James Niccolai

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