Omniture Sheds 108 Staff Post Adobe Acquisition

US web analytics firm Omniture has made 9% of its 1,200 strong workforce redundant, following its acquisition by Photoshop creator Adobe.

The $1.8bn share-based deal, which completed last month, is part of Adobe's strategy to diversify into new markets.

According to an SEC filing, Adobe will also cut 680 full-time positions globally, representing 9% of its headcount. This move is designed to align costs with the firm's fiscal 2010 budget. It adds to the 600 roles axed last December, as a result in a slow-down in sales.

The latest round of job cuts is part of a company restructure which follows a year in which its mainly publishing clients have been struggling.

Adobe's recently reported a 22% fall in revenues to $697.51m, while its net income fell by 30% to $136m. The firm anticipates that the restructure will cost it between $65m and $75m, which includes $17m to $19m in consolidation of leased facilities and $48m to $52m in employee severance pay.

In the filing, Adobe said it expects to incur additional restructuring expenses relating to Omniture's operations.

Web sites: www.omniture.com and www.adobe.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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