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.
US President Joe Biden and Iraqi Prime Minister Mustafa Al Qadimi signed an agreement on July 26 to formally end the USA's military presence in the country by the end of the year