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Weak Adobe CS4 demand leads to 600 job cuts

Financial crisis forces Adobe to cut costs

Adobe is cutting approximately 600 full-time jobs in response to lower-than-anticipated earnings.

In its preliminary financial results (PDF link), Adobe said demand for its Creative Suite 4 (CS4) products was weaker than expected, and suggested the economy was a factor in the company's revenue shortfall. Adobe's CS4 products - featuring an overhaul of most of its tools for creative professionals - began shipping in October.

"The global economic crisis significantly impacted our revenue during the fourth quarter," said Shantanu Narayen, Adobe's 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 has implemented a restructuring program, which includes the elimination of about 600 jobs worldwide.

www.macworld.com


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