IT

Adobe Cuts 680 Jobs

Posted Tue, 11/10/2009 - 22:12 by chuck

AFP reports that software titan Adobe Systems -- the maker of Photoshop, Shockwave, and your favorite PDF reader -- announced that it will be cutting 680 jobs. This represents nearly 10 percent of the company's global workforce.

In its SEC filing regarding the restructuring, Adobe announced that it would incur between $65-71 million in short-term costs for the restructuring. Apparently they are paying good severance packages.

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Daily Unemployment News Round-up

Posted Mon, 10/05/2009 - 19:47 by chuck

One in six Americans Now Out of Work, Tech Employment Drops

This will not be news to regular readers of this site, but the number of people unemployed in the U.S. is much higher than the official rate of 9.8 percent. Discouraged workers (those who have stopped looking for jobs) number in the millions, and they are not counted among the unemployed. Additionally, no one has a handle on the extent of underemployment.

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