Adobe Eliminates 750 Jobs In Restructuring

Adobe Systems said it will cut about 750 jobs in North America and Europe as part of corporate restructuring. The company said it expects to take a restructuring charge of between $87 million to $94 million. As a result of the move, the company said it expects earnings per share to be in the range 30 cents to 38 cents a share, lower than its previously guided range of 41 to 50 cents. Adobe shares fell more than seven percent in after hours trading.

Source: http://allthingsd.com/20111108/adobe-eliminates-750-jobs-in-restructuring/

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