Weak demand for CS4 forces Adobe job cuts

by Reads (0)

On the heels of weaker-than-anticipated projected fourth-quarter earnings released today, image software giant Adobe has announced that it will attempt to reduce operation costs by cutting 600 jobs worldwide.


According to a quarterly earnings press release filed today, demand for Adobe’s latest Creative Suite bundle of graphics software, Creative Suite 4, failed to meet expectations, resulting in a revenue shortfall of at least $10 million based on low-side 2008 revenue targets.

The company anticipates that restructuring and job cuts should net an additional $50 million, distributed across Q4 2008 and Q1 2009.

Adobe’s press release has complete details on projected earnings and Adobe’s restructuring initiative.



All content posted on TechnologyGuide is granted to TechnologyGuide with electronic publishing rights in perpetuity, as all content posted on this site becomes a part of the community.