"Big Layoffs" at Adobe Today

Adobe pink slips started arriving this afternoon, says the Unofficial Apple Weblog. Back in mid-November Adobe CEO Shantanu Narayen said, "People call this a financial crisis a lot more on the East Coast, but Silicon Valley will emerge stronger and cash flow is not a challenge for us. We have a very strong balance sheet and very deep franchises." So far the Twitter "Black Wednesday" reports are out of California; anyone have news on how this has hit Fremont?