Adobe shuts down for a week to cut costs

Despite lots of talk about green shots in the mainstream media, the global economy is still in a big mess. The latest example of this is a snip of news from Adobe, the software company decided to shut down its entire North American operations for one business week to save money. According to DailyTech, Adobe has already done this once before, and has one more scheduled week of shut down planned before the end of the year.

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.