Adobe shuts down for a week

Adobe Systems has shut its North American operations for the week as part of a cost-cutting effort that the company said it will repeat at least once more this year.

The San Jose software company, which makes editing, graphic design and Web development tools, said the shutdowns are part of a larger effort to control costs in the face of a global recession. Adobe’s sales have declined for the last two quarters, although it still reported $126.1 million in profit on $704.7 million in revenue for the quarter that ended May 29.

Wow, not a good sign…

Posted via web from Jeff Hui | Comment »

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