anon
02.07.09, 18:29
Adobe announced it has shut down its entire North American operations for one business week to help cut costs as the global economy continues to hurt the American tech company.
The week-long shutdown started on June 29, with business expected to return to normal starting Monday, July 6, though the company has already carried out several cash-cutting moves in the past. For example, spending on travel and bonuses have both been slashed according to CFO Mark Garrett, with further cost-cutting in the works.
Adobe officials didn't announce how many of its employees will be affected by the shutdown this week - also, no one disclosed how much money the company expects to save from the week off.
DailyTech - Adobe Shuts Down Operations for a Week (http://www.dailytech.com/Adobe+Shuts+Down+Operations+for+a+Week/article15563.htm)
The week-long shutdown started on June 29, with business expected to return to normal starting Monday, July 6, though the company has already carried out several cash-cutting moves in the past. For example, spending on travel and bonuses have both been slashed according to CFO Mark Garrett, with further cost-cutting in the works.
Adobe officials didn't announce how many of its employees will be affected by the shutdown this week - also, no one disclosed how much money the company expects to save from the week off.
DailyTech - Adobe Shuts Down Operations for a Week (http://www.dailytech.com/Adobe+Shuts+Down+Operations+for+a+Week/article15563.htm)