Adobe To Cut 750 Jobs

Adobe cutting jobs
Adobe cutting jobs

SAN JOSE, Calif. (AP) -- Software maker Adobe Systems Inc. said Tuesday that it is laying off 750 workers, or 7 percent of its workforce, as it moves to focus on products that help people create digital content and then market it on multiple devices and platforms.

The company also slashed its earnings guidance for the quarter through Dec. 2 to account for a restructuring charge it expects to book in the quarter of $73 million to $78 million, mainly for severance payments.