TechCrunch, among other news outlets, reports
that Adobe is cutting 680 employees as part of a restructuring plan. This is roughly 9 percent of the company's workforce. The news comes on the heels of Electronic Arts' decision to layoff 1,500 workers
and a reduction of 600 from Adobe back in December. Adobe had purchased Omniture
in September and reduced its workforce by 9 percent at that time.
The cost of restructuring for Adobe will total between $65 and $71 million, the TechCrunch article says.
The layoffs come just after Adobe announced that Flash Professional CS5 will be able to turn Flash projects into iPhone apps
. The company has also recently released a version of its Photoshop.com Mobile app for the iPhone [iTunes link