Bloomberg television, Television network

San Francisco, March 10 Bucking the layoff trend that has hit companies across the spectrum, software major Adobe has said it will not perform company-wide layoffs.Unlike other Silicon Valley tech giants, Adobe will not do any mass layoffs this year, according to its Chief People Officer Gloria Chen.In an interview with Bloomberg Television, she said that "We are committed to not having company-wide layoffs.""We're actually committed to continuing to grow here," Chen said, as Adobe opened its fourth office, based in San Jose, California that has the capacity for 3,000 employees.In December, Adobe laid off some 100 employees from its sales team amid the rough global macroeconomic conditions.Adobe said that the company "shifted some employees to positions that support critical initiatives" and removed "a small number" of other jobs."Adobe is not doing company-wide layoffs and we are still hiring for critical roles," the software major had said in a statement.Adobe will post its Q1 quarterly earnings results on March 15.The company achieved revenue of $4.53 billion in its fourth quarter of fiscal year 2022, which represents 10 per cent year-over-year growth.Adobe achieved revenue of $17.61 billion in fiscal year 2022, which represents 12 per cent year-over-year growth.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Bloomberg TelevisionFOLLOW

Bloomberg television, Latest News

Technology :Morgan Stanley may slash 3K jobs in 2nd job cut round: Report

San Francisco, May 2 Top global brokerage firm Morgan Stanley is reportedly gearing up to lay off nearly ... ...

Entertainment :'Harry Potter' TV series adaptation deal close to being locked, Potter heads excited

Washington [US], April 4 : 'Harry Potter' TV series adaptation deal close to being locked, Potter heads excited. According ... ...

Technology :Adobe won't do mass layoffs, says its chief people officer

San Francisco, March 10 Bucking the layoff trend that has hit companies across the spectrum, software major Adobe ... ...