Adobe orders week-long temporary shutdown
updated 11:10 am EDT, Tue June 30, 2009
Adobe's temporary shutdown
Adobe has temporarily shut down its North American operations, writes Mercury News. The company behind Photoshop, Illustrator and a number of key graphics applications says it will remain closed for only a week, in a bid to combat the effects of the ongoing global recession. Sales have declined in the past two quarters, although the company continues to post significant profits. In the May quarter Adobe accumulated $126.1 million, based off of $704.7 million in revenues.
The closing follows an earlier one in April, and another is anticipated later this year. The company has not discussed what impact the shutdowns may be having on workers, except to say people are being pushed to use paid vacation days for the time off. Expenses are also being cut in terms of bonuses, marketing and travel, though Adobe has rehired 260 people form a pool of 600 laid off in December.
Fresh-Faced Recruit
Joined: Jun 2009
price
with their bread and butter industry shrinking, they will be losing more money. price is a big factor. they should make a home and student version of their apps, less people will steal it. Microsoft learned a lesson with doing that.