Adobe to slash hundreds of jobs

Adobe has announced plans to cut 680 jobs - 9% of its workforce - to cut costs, despite signs of an upturn for technology companies.

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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.

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