Adobe Joins Layoff Trend, Fires 100 Employees

Adobe has laid off nearly 100 employees. The company, however, said it is not doing mass layoffs and is still hiring for critical roles.
Listen to this story

After Twitter, Meta and Google and other tech companies, Adobe has joined the list of tech companies that have laid off employees to cut costs.

It has laid off nearly 100 employees in domains concentrated on sales. The company, however, said it is not doing mass layoffs and is still hiring for critical roles. As per its Q3 2022 financial report, Adobe employed nearly 2,700 workers.

However, the scale of layoffs at Adobe is much less than companies like Meta, Amazon and Twitter. For example, in June 2022, Internet streaming giant, ‘Netflix’ laid off 300 employees—i.e., 4% of its workforce in the second round of job cuts. 


Sign up for your weekly dose of what's up in emerging technology.

In July, Tesla laid off 229 annotation employees from its Autopilot team and shut down one of its US offices. In early November, Twitter laid off nearly 50% of its workforce and 4400 contractual workers, while Meta laid off nearly 11,000 employees comprising a little over one-tenth of its global workforce. The layoffs were the first major reductions to occur in the company’s 18-year history.

This spree of layoffs comes after tech giants such as Netflix, Meta, Amazon, Microsoft, Google parent Alphabet, and Apple have lost a combined market value of $2.5 trillion. Out of all the companies, Meta ranked the highest, where the company lost about $640 billion market cap. 

Download our Mobile App

Meanwhile, Tech major Amazon is also set to fire about 20,000 employees to streamline costs.

At the same time, some Indian tech firms like BYJU’s, Josh, and HealthifyMe have also fired hundreds of employees in the last few weeks. Approximately 13,618 employees were laid off Indian startups in 2022.

For instance, edtech giant BYJU’S laid off 2,500 employees, about 5% of its 50,000 workforce. This decision by the management came after a decrease in its revenue.

Another Indian e-commerce unicorn, Udaan laid off nearly 350 employees. The company’s spokesperson said in a statement that this step was taken as a measure to achieve profitability, alongside increasing the efficiency of the business by reducing redundancies.

Indian IT wins in job stability 

At a time when product companies are choosing to cut jobs to save costs, IT services major Accenture has promoted over 60,000 employees in India out of 157,000 promotions that it distributed globally during the financial year 2022. The number of promotions grew rapidly in the last one year when the tech talent war gained momentum.

Indian IT giants Infosys, TCS, Wipro and HCL are expected to hire a total of 1.57 lakh freshers before the end of this fiscal year.

More Great AIM Stories

Aparna Iyer
Aparna Iyer has covered various sectors spanning education, wildlife, culture and law for close to a decade. She now writes on technology and is keen to unearth its capability for public good.

AIM Upcoming Events

Regular Passes expire on 3rd Mar

Conference, in-person (Bangalore)
Rising 2023 | Women in Tech Conference
16-17th Mar, 2023

Early Bird Passes expire on 17th Feb

Conference, in-person (Bangalore)
Data Engineering Summit (DES) 2023
27-28th Apr, 2023

Conference, Virtual
Deep Learning DevCon 2023
27 May, 2023

3 Ways to Join our Community

Telegram group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our Daily newsletter

Get our daily awesome stories & videos in your inbox

RIP Google Stadia: What went wrong?

Google has “deprioritised” the Stadia game streaming platform and wants to offer its Stadia technology to select partners in a new service called “Google Stream”.