Thursday, December 4,2008 @ 8:45pm
Adobe plans to eliminate 600 staff positions
Software-company Adobe has announced that it will lay off 600 employees while it restructures its business. “The global economic crisis significantly impacted our revenue during the fourth quarter,” said Shantanu Narayen, president and CEO. “We have taken action to reduce our operating costs and fine-tune the focus of our resources on key strategic priorities.” The company blamed its revenue troubles on a lack of demand for Creative Suite 4 since its October launch.
The announcement comes just days after the report that Adobe will not exhibit at the January Macworld Expo. In prior events, the company has paid for a relatively large amount of floor-space that it used to present its products to thousands of potential customers. At the 2009 expo, however, the software-giant's presence will be limited to a day of demos and several education sessions.