Adobe China to close research and development company only keep sales department

Beijing time September 24 afternoon news, today Media said Adobe (69.03,1.24,1.83%) China because of poor performance and was abruptly dissolved by the United States headquarters, China's business will be handed over to Adobe Indian company. In response to this, Adobe China's PR firm said that Adobe had decided to cancel and close its research and Development Branch in China and that its research and Development Branch would stop running by the end of December. Today, some media said Adobe China because of poor performance of the United States headquarters suddenly dissolved, most of the staff will be dismissed, compensation for n+5, only some of the sales staff, China's business will be transferred to the Adobe India Company. In response to this, Adobe China's PR firm said: "Adobe in China will be the main market expansion, so decided to cancel and close the Research and Development Branch in China." The research and Development Branch will stop operation at the end of December. Adobe will retain sales in Shanghai, Beijing, Guangzhou, Shenzhen, Hong Kong and Taiwan. According to Caixin Network reported that Adobe China has a total of development, testing, designers and sales staff of about 400 people. After the company confirmed the closure, these employees were divided into five categories, each will get different color envelopes. The employee who gets the green envelope will be the first batch to leave, the dismissal time is October end, the red envelope represents the end of December to leave the company. The sales person's envelope is white and the sales department is the only department that continues to exist after the Chinese company closes. In addition, there are 30 or so places will be sent to the United States Headquarters or India branch, the other is pregnant employees, there is a separate compensation rules. According to the employees who have been awarded the compensation program, employees leave compensation or take n+5 (N represents the number of years of work in the company, n+5 means that they can receive n+5 months ' salary as severance compensation). Adobe September 17 released the end of the August 29 fiscal year 2014, the third quarter earnings, revenue of 1.01 billion U.S. dollars, slightly increased by 1% per cent, not up to expectations. Net profit was $44.7 million, down 46% from $83 million a year earlier. Adobe closed its Taiwan branch two years ago when Huang Yaohui, the managing director of Adobe Greater China, said in a statement on the Adobe Taiwan website that Adobe made a decision to restructure greater China after careful consideration of the business strategy in the region. Under the reorganization plan, we will close the Taiwan Branch office, the effective date is December 7, 2012. Founded in 1982, Adobe is the industry's leading provider of digital media and online marketing programs. The company is headquartered in San Jose, California, the famous products have Photoshop, Illustrator, Dreamweaver, Premirer Pro, Flash and so on. (Yeung Kwong)