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Adobe cuts US hiring ahead of earnings - and ramps up job postings in India

8 months ago by Jon Marino in

The good news is that Adobe ($NASDAQ:ADBE) is posting more open positions for hire now, than it did to begin the year. 

For prospective employees in the US and Great Britain, the bad news is that Adobe appears to shifting more of its job postings to markets where the cost of talent and production tends to be lower. What remains unresolved is: whether jobs were shifted to developing markets, or if they were simply filled in the markets where Adobe has tended to employ the most people, like the US. 

A Wave of Hiring Crests in Developed Markets

Our first chart covers all of Adobe's job postings via its website globally; from the beginning of 2019 until April 24, hitting a peak of about 1,460 and then the company started to reduce them. Since then, Adobe job postings have fallen nearly 20%. 

In the US, job postings for Adobe rose by 61% to 910 around the same timeframe. But, in the time since, job postings fell more than 21% — now, it has 717 jobs listed. The same goes for Great Britain, where jobs nearly doubled from the beginning of the year, when they numbered 34 (far less than US roles), to 75, before falling to their current level (41 open positions).

In India, Job Postings Keep Rising

India's job postings chart for Adobe is quite the contrast — job postings have grown from 92 in the beginning of this year, to 179 today -—growth of 95%, the largest percentage-based increase for Adobe in any market in 2019. Adobe has also scaled up its job postings in China, but that figure, which hovered in the single-digits until recently, pales in comparison to Indian job postings. 

Has Adobe Hit 'Peak USA?'

For our last chart, a bit of a caveat: there's a chance that the reason Adobe began taking job postings out of the US in April is simply because it had filled them, not killed them. This chart tracks how many employees identify Adobe as their current employer on LinkedIn - and at the same time Adobe removed US job postings, its LinkedIn headcount rose. The company's most recent annual report stated it has a little over 21,000 staffers - so the LinkedIn headcount appears up to date. This does not break down global headcount - so it's also possible jobs were created outside of the US. 

Adobe shares are up about 24% this year, despite the stock's trajectory hitting a brief slowdown earlier this year on guidance analysts found disappointing. Analysts tracked by Zacks Investment Research are looking for EPS of $1.41 for Adobe when it reports its quarterly earnings after the market closes Tuesday June 18. Thinknum subscribers can access Adobe's hiring in 22 markets here.

About the Data:

Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

Further Reading: 

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Jon Marino

Jon Marino is Thinknum's finance editor, covering the impacts of alternative data on public companies and investors. Prior to joining Thinknum, Jon worked in the ...

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