Adobe cuts R&D facility in China

An estimated 400 local employees are expected to receive pink slips

Adobe Systems Inc, the US multinational computer software company, announced on Wednesday that it will shut down its research and development facility in China, a move expected to result in laying off hundreds of employees.

The California-based company said it will focus on market expansion in China and therefore made the decision to close its China R&D branch, which is set to be shuttered by the end of December.