Adobe, the owners of Flash, Dreamweaver, Fireworks and almost every single web development tool out there, will shut down its North American operations this week to cut its operating costs as the recession affects its sales, according to Bloomberg.
The employees were told in March that it would impose closures for one week during the second, third and fourth quarters of this year, and asked the staff to take the paid vacation time. This are in, according to an e-mail from Adobe, addition to the normal holiday shutdowns.
In addition, it froze salaries, trimmed bonuses and its compensation plans, and curbed its travel expenses; along with the firing of eight percent of its workforce in December of last year to rein in costs during the slump.
The sales can be attributed to customers holding off upgrading to the latest version of its Creative Suite programs, which accounts for 60 percent of its revenue – after second quarter sales fell 21 percent.