Adobe Systems, Inc., the company that in case you didn’t know gave us Photoshop, has closed it’s San Jose offices for the week as a cost cutting measure after a 41% drop in second quarter profit. This follows last December’s layoffs of 600 of Adobe’s 7,400 employees, of which 260 jobs were “outsourced” beyond the borders. The shut down is one of three planned for the year. The soft economy has slowed sales of their latest software releases (or maybe it was the price tags). They are also using other cost cutting practices such as salary freezes, etc. Or maybe they could lower their prices.
Now don’t you feel bad for pirating Photoshop 5 in the 90′s?
Via | Venture Beat
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7 Comments at "Adobe’s Hurtin’ Like the Rest of Us"
“or maybe it was the price tags”
It is the prices. Hopefully, they can start reducing their CS4 & CS5 upgrade prices.
“Or maybe” it was the rising corporate tax in Cali that broke the camel’s back. A state that far in the red has to do something to get out…
+1 for “maybe it was the price tags”
Prices..if it were a tad more affordable..I would buy it!
CS4….$699
lightroom 2 + Elements $300
and that has 50% more functionality than most photographers use!
I don’t feel bad for the giant who refuses to update ACR firmware to support recent camera releases’ cr2 files.
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