Software giant Adobe announces 100 job cuts
Adobe has slashed around 100 jobs, making it the latest tech company to cut staff.
The cuts will primarily affect employees in sales teams.
Sources said some of the affected workers were given the opportunity to find other roles inside the company.
Adobe’s job cuts are significantly less severe than those made by other tech leaders like Amazon, HP, Cisco, and Meta.
At the end of the fiscal third quarter on September 2, the California-based software giant had more than 28,700 employees.
The company said it “shifted some employees to positions that support critical initiatives” and had sieved out “a small number” of other jobs.
“Adobe is not doing companywide layoffs and we are still hiring for critical roles.”
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Adobe revealed in September that it had agreed to pay $20 billion for smaller rival Figma, one of the highest prices ever paid for a private software firm.
The US Department of Justice is looking into the acquisition for potential antitrust violations.
Adobe, which has long ruled the market for creative software for designers, is trying to expand its user base to include more casual users and small businesses.