Adobe Eliminates 100 Jobs in Sales, Joins Other Companies in Using Job Cuts to Reduce Expenses

A total of 100 jobs were eliminated by Adobe Inc., as the company joined other tech companies to conduct job cuts to reduce expenses in these trying times. The job cuts focused on the sales division of the company.

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In this photo taken on April 16, 2020, a general view shows the Indian office of US multinational computer software company Adobe in Bangalore. - Coronavirus is permanently shaking up the global outsourcing industry as lockdowns from Bangalore to Manila prompt firms to "reshore" jobs and, with AI, to move further away from needing humans at all.

Adobe Eliminates 100 Jobs

California-Based Software Company Adobe Inc. has conducted job cuts in their sales division, which eliminated 100 jobs in total. Bloomberg reported that Adobe focused on the sales division of the company.

While some of the employees lost their jobs, Adobe gave them the opportunity to find other positions in the company. At the end of the fiscal third quarter reported by the company last September, Adobe employed 28,700 people.

As per Adobe's statement, "Adobe is not doing companywide layoffs and we are still hiring for critical roles." They added that only a small number of jobs were wiped out, with the resolution of shifting employees to positions that "support critical initiatives."

2022 Job Cuts

Compared to other job cuts conducted by the company this year, Adobe's adjustments to its workforce are far smaller. Other companies like Amazon.com Inc., HP Inc., Cisco Systems Inc., and Meta Platforms Inc. reported thousands of job cuts this year. According to the consulting firm Challenger, Gray, and Christmas Inc., the tech industry removed 9,587 jobs in total last October.

These numbers were claimed by the consulting firm as the highest monthly total since November 2020. The tallied job cuts were based on past announcements or confirmations from the companies across telecom, electronics, hardware manufacturing, and software development.

Adobe's Future Plans

Last September, Adobe announced that it will be purchasing its rival company Figma Inc. for $20 billion. Adobe and Figma's agreement will be the largest acquisition for a private software maker once approved. As of the moment, the United States Department of Justice still investigates the deal as it might lead to antitrust issues.

Only last month when the DOJ requested from the company more data and information regarding the proposed acquisition between the two companies. This will be part of the company's expansion of its offerings on the web to cater to more customers who will not be subscribing to their professional tiers.

Web-based companies for editing software are descending just by looking to the success of Canva Inc. and Lightricks Ltd.

"I think there is a huge opportunity to bring these capabilities from Adobe Creative Suite and Creative Cloud into Figma and utilize them more, and to make it so that you are able to go and somehow transition across these different creative modalities to have a more seamless way of working," Figma CEO Dylan Field stated.