[Infowarrior] - Adobe shuts down for a week

[Richard Forno]

Adobe shuts down for a week
June 30, 2009 | Paul Boutin

The San Jose Mercury News reports that Adobe Systems, maker of the  
Flash player used for most Web video clips, has shut down its North  
American operations for the week as a cost-cutting move.

San Jose Mercury News reports that Adobe Systems, maker of the Flash  
player used for most Web video clips, has shut down its North American  
operations for the week as a cost-cutting move.

The move is striking because Adobe is, by most metrics, successful. In  
addition to Flash, Adobe now develops and sells many of the most  
popular software tools used by graphic designers and website builders:  
Acrobat, Illustrator, Photoshop, Dreamweaver, and several others. The  
company is profitable, although sales have been lower than planned.  
Second-quarter income dropped 41 percent to $126 million. CNET  
reported earlier this month that sales of the company’s flagship  
product Creative Suite 4, some versions of which sell for $1,500 at  
Amazon, have been soft due to the current recession.

The shutdown is one of three planned for this year, following a layoff  
last December of 600 of the company’s 7,400 workers around the world.  
(Adobe has since hired another 260 employees in lower-cost locations  
outside the U.S.)

The first shutdown was in April, the third not yet announced. During  
the first shutdown, chief financial officer Mark Garrett told  
Bloomberg that the company had also frozen salaries, reduced bonuses,  
and cut back on travel expenses.



http://venturebeat.com/2009/06/30/adobe-shuts-down-for-a-week/