Adobe Systems to layoff 680 jobs: Report

The report cites a spokesperson which confirms the company is "restructuring its business to align costs with its fiscal 2010 operating plan and budget, the company’s three-year strategic priorities and the realities of the business environment."

San-Jose based Adobe did not provide any further information.

The company - which is known for its document- and photo-editing programs and software - reported a decline in sales earlier this year.

This will not be the first steps the company takes to cut cost, Adobe laid off 600 employees last December due to the economic recession.

Earlier in September, the company said it was acquiring Omniture, which makes Web-traffic monitoring tools, for $1.8 billion.

Adobe Systems closed up 15 cents of 0.4 percent to $36.60 on the Nasdaq in New York.