Adobe Cuts 100 Jobs : Report

Adobe Inc. (ADBE) has cut about 100 jobs to reduce its expenses, Bloomberg reported.

Adobe's workforce reductions are smaller than the thousands announced by other technology companies, including Amazon.com Inc., HP Inc.

Adobe reportedly said it is not doing company-wide layoffs and it is still hiring for critical roles.

The company reportedly also said it shifted some employees to positions that support critical initiatives" and wiped out "a small number" of other jobs.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Integrated energy company Chevron reported Friday that profit for the fourth quarter increased 25 percent from last year, reflecting 17 percent revenue growth amid higher realizations and higher margins on refined product sales. Adjusted earnings per share missed analysts' estimates, while quarterly revenues topped it. Reno, Nevada-based ZLINE Kitchen and Bath has expanded its recall of gas ranges citing serious risk of injury or death from carbon monoxide poisoning, the U.S. Consumer Product Safety Commission announced. The recall now includes about 30,000 units of ZLINE gas ranges, including about 28,000 units... The Food and Drug Administration's independent advisory committee unanimously recommended replacing the current original COVID vaccines used in the U.S. for primary shots with new bivalent omicron shots authorized as boosters, reports said. The committee also considered the proposal for annual COVID vaccination, however, didn't vote on it.
Follow RTT