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.