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NEWS11 November 2009

100 jobs to go at Omniture following buyout

Data analytics North America

US— Omniture is to cut 9% of its workforce, or around 108 positions, following its acquisition last month by software company Adobe.

The web analytics firm said most of the cuts would come from general and administrative functions. The company, which was bought for $1.8bn, employed 1,200 staff prior to the acquisition.

Adobe is also cutting around 9% of its non-Omniture workforce to “appropriately align our costs in connection with our 2010 operating plan”.

In a filing with the Securities and Exchange Commission, the maker of Photoshop and Acrobat said some 680 full-time positions would be eliminated worldwide, with up to $52m earmarked for employee severance arrangements.

Adobe said it expects to incur “additional restructuring expenses relating to Omniture’s operations” but did not give any further details.

@RESEARCH LIVE

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