December 4th, 2008
Adobe lays off 600; skips Macworld Expo
Adobe Systems, Inc. announced yesterday in a statement that it will eliminate 600 full-time positions, or roughly 8 percent of its workforce, amid weaker than expected fourth quarter earnings.
Fellow ZD blogger Larry Dignan notes that demand for Creative Suite 4 was weaker than expected and the main cause for the shortfall in fourth quarter revenue. Adobe CEO Shantanu Narayen added that the global economic downturn hurt revenue.
The layoffs come a day after the San Jose, CA-based software developer announced that it will not have a booth at the upcoming Macworld Expo trade show and conference in San Francisco which runs from 5-9 January 2009.
Adobe has decided to shift its focus at the Macworld trade show this year… Macworld is a valuable industry show and we will still be an active part of it with members of our product team involved in Macworld tracks, including a full day of CS4 demo sessions with Adobe evangelists on Wednesday, January 7.
Jason D. O'Grady is the editor of PowerPage.org, which has been publishing daily mobile technology news since December 1995. For disclosures on Jason's industry affiliations, click here or to view Jason's full profile click here.
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