Nearly 60,000 high-tech workers are likely to receive an average of $4,000 apiece in a settlement of a class-action lawsuit alleging Apple and Google conspired in an illegal cartel of Silicon Valley employers that secretly refused to recruit each other’s engineers.
Google, Apple, Intel and Adobe Systems have settled a class-action lawsuit alleging they conspired to prevent their engineers and other highly sought technology workers from getting better job offers from one another.
The maker of Photoshop and other software said Thursday that the attacker accessed customer names, encrypted credit and debit card numbers, expiration dates and other information related to orders.
Adobe Systems Inc., the maker of Photoshop and Adobe Reader, said Tuesday that its fiscal third-quarter earnings tumbled 59 percent, but it added subscribers to its Creative Cloud service.
Adobe says it will pull Flash, its software for Web video and software, from the Web browsers of mobile devices. Flash will still work on mobile apps and on computers’ Web browsers.
Software maker Adobe Systems Inc. said Tuesday that it is laying off 750 workers, or 7 percent of its workforce, as it moves to focus on products that help people create digital content and then market it on multiple devices and platforms.
Software maker Adobe is posting earnings for its latest quarter that exceed analyst expectations, and provides a rosy outlook.