March 12 : Adobe's longtime CEO Shantanu Narayen will leave his role once a successor is appointed, the design software maker said on Thursday, sending its shares down over 7 per cent in extended trading on renewed worries around its strategy as it grapples with AI disruption.Narayen's exit from the role come

March 12 : Adobe's longtime CEO Shantanu Narayen will leave his role once a successor is appointed, the creative tooling company said on Thursday, sending its shares down 6.5 per cent in extended trading on renewed worries around its strategy as it grapples with AI disruption.Narayen's exit from the role come

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March 13 : Adobe's shares plunged 9 per cent in premarket trading on Friday after the Photoshop maker said CEO Shantanu Narayen would step down after 18 years at the helm, unsettling investors already wary of AI-driven disruptions to the design software market.The longtime CEO's exit comes at a critical junct

Adobe shares fell about 7% in extended trading after the announcement, leaving the stock down roughly 23% so far this year and near a three-year low.

Adobe shares fell about 7% in extended trading after the announcement, leaving the stock down roughly 23% so far this year and near a three-year low.

Adobe is ​grappling with a changing software landscape, where artificial intelligence is lowering the barrier to entry for design