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.
Adobe shuts down for a week to cut costs
Posted on Wednesday, July 01 2009 @ 15:13 CEST by Thomas De Maesschalck