Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Adobe Eliminates 750 Jobs in Restructuring

Adobe Systems said it will cut about 750 jobs in North America and Europe as part of corporate restructuring. The company said it expects to take a restructuring charge of between $87 million to $94 million. As a result of the move, the company said it expects earnings per share to be in the range 30 cents to 38 cents a share, lower than its previously guided range of 41 to 50 cents. Adobe shares fell more than 7 percent in after-hours trading.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald