Adobe Systems, the company known for creating graphic programs and of course the Flash player, announced that they will be cutting 750 jobs from their workforce in North America and Europe in an effort to lower expenses.

Bloomberg reported that the job cuts will cost $87 million to $94 million before taxes, and that will include $73 million to $78 million of charges in the fiscal fourth quarter, which ends on December 2.  Adobe’s net income will probably fall ¢30 to ¢38 a share from a previous forecast of ¢41 to ¢50.

Aside from sacking employees, Adobe is said to discontinue Flash for mobile devices and will focus more on HTML5 and the cloud for their future offerings.

ZDNet acquired the following information from sources close to Adobe:

“Our future work with Flash on mobile devices will be focused on enabling Flash developers to package native apps with Adobe AIR for all the major app stores. We will no longer adapt Flash Player for mobile devices to new browser, OS version or device configurations. Some of our source code licensees may opt to continue working on and releasing their own implementations. We will continue to support the current Android and PlayBook configurations with critical bug fixes and security updates.”

For now, Adobe hasn’t confirmed or denied the news about plans to discontinue Flash for mobile but people wouldn’t likely be surprised.  In 2010, Apple’s Steve Jobs, published an open letter directed at Adobe stating that Flash for mobile isn’t really doing well.

“Flash has not performed well on mobile devices,” Jobs wrote. “We have routinely asked Adobe to show us Flash performing well on a mobile device, any mobile device, for a few years now. We have never seen it.  Flash was designed for PCs using mice, not for touch screens using fingers.”

Also, back in August, Adobe launched the preview release of Adobe Edge which works around mobile’s limited Flash capabilities, and enables web developers to create designs and animations much like what they are used to doing in HTML, CSS and JavaScript, to keep up with HTML5′s developing standards and growing use cases.  Back then, people were already thinking that days of Flash for mobile are numbered.  Adobe’s Creative Solutions Architect John Cole stated that Adobe is “not going to commit to lifelong products” but added “HTML5 is going to be big.”

With Cole’s statement, it’s a hint that they have other plans and if Flash for mobile isn’t working, they’re willing to shake things up to adapt to changes.  Whatever era we’re in, the basic rule still applies: survival of the fittest.