No mass layoffs at Adobe in 2023 assures its CPO

The Company has opened its fourth office in California

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After laying off about a hundred people from the sales team in December 2022, Adobe is now committed to growth. Gloria Chen, chief people officer (CPO), Adobe has said in an interview that there will be no mass layoffs at the Company in 2023, and that hiring for various critical roles will continue.

The Company, which is all set to post its quarterly earnings report for the first quarter has, in fact, opened its fourth office recently, in California’s San Jose. This office will accommodate 3,000 people.

In Q4 of 2022, it posted a revenue of $4.53 trillion, achieving 10 per cent year-on-year increase.

In FY 2022, Adobe was seen achieving revenue of $17.61 billion, representing growth of 12 per cent YoY.

When Adobe had laid off people in December last year, the reason behind the job cuts was an attempt to cut costs. However, only about a hundred people were impacted compared to the thousands who lost their jobs across the tech sector worldwide. Also, Adobe had at the time provided opportunities to those affected to find other roles at the software company.

About two months before last year’s layoff, Adobe had revealed its plans to acquire Figma, a web-first collaborative design platform, for about $20 billion in cash and stock. Figma’s primary tools are aimed at professionals and creators, and the acquisition was to help Adobe reach out to small-scale firms.

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