Company Adobe Systems announced a restructuring in which it is assumed to reduce 750 jobs, mainly in North America and Europe.
Restructuring expected to cost about $ 87-94 million, mostly for compensation in connection with the dismissal of employees. Changes in the structure of the company will be mainly associated with redistribution of effort to develop software solutions for the fast-growing categories such as the creation of digital media and digital marketing.
The press release stated that the company’s solutions allow the user to relatively easily create, distribute and monetize digital content and manage digital marketing and advertising. It also reported that due to restructure Adobe plans to increase its revenues in 2012 fiscal year by 4-6%.
The plan further actions Adobe will be discussed today at a meeting of the company’s management with financial analysts in New York.