Today's analyst meeting is likely to focus more on Adobe's plans for accelerating growth. It will continue to invest in its Creative Suite products and shift resources to support greater investment in HTML5, through tools like Dreamweaver and Adobe Edge, it said. In digital marketing, it wants to grow its analytics and reporting business, especially on mobile devices and social networks.
The job cuts will be made primarily in Europe and North America, Adobe said. It had 9,100 workers at the end of last year, making the cuts about 8 percent of its total staff. It expects to record a restructuring charge of $87 million to $94 million in the current quarter, mostly for severance payments. That will reduce its earnings per share to between $0.30 and $0.38 based on generally accepted accounting principles, it said. Adobe is still on track to meet its fourth-quarter revenue goal, it said, but the changes will reduce its revenue growth in the next fiscal year by 4 to 5 percent, to achieve revenue growth of about 6 percent.
InfoWorld executive editor Galen Gruman contributed to this report.