Adobe laid off 150 people in 2001, and Macromedia laid off 170, which was 10% of the staff at the time (which was partially because of a merger, but if things had been booming I don’t think it would have been nearly as high). So layoffs are hardly unprecedented. If Adobe and Macromedia survived the dot.com implosion, I’m sure they’ll do ok this time around.
Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.
simpy
