Adobe Systems Inc, the top maker of design software, said that it has cut 680 jobs, or 9 % of its workforce before a recent acquisition, as it moves to slash expenses.
Like many companies, Adobe has been laying off workers the past few years as the recession has cut into sales in a bid to stem the impact of the revenue decrease on profits.
The company will take between $65 million and $71 million in pretax restructuring charges related to the cuts, which will not affect employees who worked for Omniture Inc, which Adobe acquired Oct. 23.
As of Sept. 15, Adobe had 7,564 employees.
Adobe shares were unchanged in after-hours trade at $36.60, according to the Associated Press' report.
Putin's official spokesman Dmitry Peskov commented on remarks in the US media about failures in launching nuclear-capable missiles in Russia
The Buk system that shot down MH17 belonged to the 53rd SAM missile brigade of the Russian Ministry of Defense, investigators say after looking at a few pictures on the net
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War