Adobe has announced plans to cut 680 jobs - 9% of its
workforce - to cut costs, despite signs of an upturn for technology
companies.
The software firm is the latest technology company to announce
job cuts as part of cost saving measures aimed at offsetting losses
due to the recession.
Adobe cut 600 jobs at the end of 2008 when the recession took
hold, but has had to reduce costs further, with revenues down 18%
in the past nine months, according to the
Financial Times.
The Adobe job cuts come a week after
Microsoft cut 800 jobs in addition to the
5,000 job losses it announced in January.
In July, the Adobe
shut its US offices for a week to save money on operations.
Earlier this week, computer games firm Electronic Arts announced
it was cutting 1,500 jobs. The 17% reduction in its workforce comes
after an 11% cut in 2008.
Last month, Sun Microsystems announced
3,000 job losses to offset reduced sales aggravated by delays
in the completion of its acquisition by Oracle.