Home Tech Tech layoffs: Adobe is the latest tech giant to cut jobs to reduce expenses

Tech layoffs: Adobe is the latest tech giant to cut jobs to reduce expenses

by THE GULF TALK

Adobe is not the only tech company tightening its grip. Some Indian tech firms such as Byju’s, Josh, and HealthifyMe have also laid off hundreds of employees in the last few weeks.

In Short

  • Adobe employed nearly 28,700 workers, as per the company’s Q3 2022.
  • The company has fired nearly 100 employees, mainly from the sales team.
  • Adobe says it is not doing companywide layoffs and it is still hiring for critical roles

Adobe has reportedly laid off nearly 100 employees, mainly from the sales team. The cuts were made to reduce expenses, though the scale is far less than the thousands of job losses at Amazon, Meta, and Twitter. The company employed nearly 28,700 workers, as per its Q3 2022 financial report. Adobe is not the only tech company tightening its grip amid uncertain macroeconomic conditions. Not only Adobe but some Indian tech firms such as Byju’s, Josh, and HealthifyMe have also laid off hundreds of employees in the last few weeks.

News source : India Today

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