An Adobe Christmas: 600 Lose their Jobs

Adobe reports Q4 revenues to be around $912-915 million, instead of its original low estimate of $925 million. ("Not terrible, actually," remarks Dan Frommer of Silicon Alley Insider.)

But that $10 million difference is enough for Adobe to spend as much as $50 million on firing 600 workers. Makes sense to me.

Not.

Soon-to-be-made-redundant workers of Adobe! I can relate. Just one month before I was due to be married, the consulting engineering firm I worked for laid me off. (That was during the recession of 1984.) I was unemployed on and off for 1.5 years, and then landed a job with a small, fast-growing computer magazine with a pun for a name: CADalyst.

Source.

Comments

[AutoCAD-IntelliCAD]

Been there myself... Was wooed by a company away from a firm I had spent a comfortable couple of years with but wasn't challenging me enough to learn and grow. Two weeks before christmas and only two weeks into the job, I was "self employed". Luckily the company that laid me off contracted me to do training courses and I ended up working full time the rest of that month. They hired me back when my contract was finished.
The question I have to ask myself whenver I hear stories of massive layoffs is, if your company is in trouble, as a Chief Executive, how much of a paycut should you take?
The answer is usually none, they ask for a bonus because they did so "well" cutting costs.
That company I was working for? The same bosses who laid us off before christmas didn't draw a salary until that coming spring to ensure those of us that were left stayed employed. Those people earned my gratitude and loyalty for that move.

[kevint]

And still going strong...I'm wearing my CADalyst Tee shirt today :-) I made a reader contribution just to see if they were true to their word, & sure enough, they FedEx'd my shirt all the way to New Zealand. Even declining my offer to contribute to freight.

Also, I have the dubious honour of having been made redundant on my birthday. Being a Tyco employee at the time, I thought it was the best present I ever had!