Fortune’s curated selection of newsworthy tech stories from the last 24 hours. Sign up to get the round-up delivered to you every day.
*Adobe (ADBE) is restructuring and laying off 750 employees in North America and Europe. Also, sources tell ZDNet that the company is stopping development on Flash Player for mobile browsers and focusing its efforts instead on mobile apps, desktop content, and HTML5. That last bit about HTML5 may cause some Apple aficionados to revel, if true, given Steve Jobs‘ now-famous April 2010 memo, “Thoughts on Flash.” In it, the former Apple CEO criticized Flash’s reliability, security, and performance. (TechCrunch, ZDNet, and Apple)
* Shares for the Japan electronics company Olympus (OCPNY) plunged for the second day following an announcement that its executives covered up losses on investments for decades that may have exceeded $1 billion at one time. Olympus President Shuichi Takayama blamed former president and chairman Tsuyoshi Kikukawa, ex-VP Hisashi Mori, and internal auditor Hideo Yamada. (The Wall Street Journal and Reuters)
* Over at Slate, writer Farhad Mango makes the bold statement that Google+ is living on borrowed time. (Slate)
* As if Facebook, Twitter, and Google+ weren’t enough, now there’s another social network, WhoSays.com, though this one’s for celebs only. (Fast Company)
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