Adobe Cutting 750 Jobs, Trims 4Q Outlook and Kills Mobile Flash

Wow, there is a lot of trimming going on at Adobe today. The company slashed its fourth quarter outlook, 750 jobs are being cut and the company has decided to cut mobile flash as well. Software maker Adobe Systems Inc. said Tuesday that it is laying off 750 workers, or 7 percent of its workforce, as it moves to focus on products that help people create digital content and then market it on multiple devices and platforms. The company also slashed its earnings guidance for the quarter through Dec. 2 to account for a restructuring charge it expects to book in the quarter of $73 million to $78 million, mainly for severance payments.