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, on revenue of US$912 million to US$915 million for the three months ended November 28. The company had expected sales to come in as high as US$955 million. The company said it expects revenue to drop further in the current quarter, with expectations now for revenue in the range of US$800 million to US$850 million.
The company said it will take pre-tax charges of US$44 million to US$50 million to account for the restructuring.
Among the things the company is apparently cutting: its booth at Macworld Expo.
This article was first published as a blog on CNET News.com.
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