Adobe added its name Wednesday to the list of companies warning of weaker sales and cutting jobs.
In a press release, the company said it would slash 600 jobs amid less-than-anticipated demand for its recently launched Creative Suite 4 series of products.
"The global economic crisis significantly impacted our revenue during the fourth quarter," Adobe CEO Shantanu Narayen said in a statement. "We have taken action to reduce our operating costs and fine-tune the focus of our resources on key strategic priorities."
The company said it now expects per-share earnings of 45 cents to 46 cents, … Read more