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Archive for the 'Adobe' Category

Adobe Shuts for a Week to Cut Costs

Tuesday, June 30th, 2009

Adobe Inc., the world’s biggest maker of graphic-design software, shut down North American operations this week, part of a plan to cut operating costs as the recession crimps sales. Adobe told employees in March it would impose one-week closures in the second, third and fourth quarters, and asked staff to take paid vacation time, the company said today.

“These are in addition to the normal holiday shutdown” between Christmas and New Year’s Day, San Jose, California-based Adobe said in an e-mail.

Source: Bloomberg

Posted in Adobe | No Comments »

Adobe Systems 2Q Net Down 41% On Lower Sales

Tuesday, June 16th, 2009

Adobe Systems Inc.’s (ADBE) fiscal second-quarter profit dropped 41% on lower sales and margins. Product sales, the bulk of Adobe’s revenue, declined 22%, while revenue from service and support slid 2.1%.

Earlier this year, Adobe also said it planned to cut around 600 jobs and undertake other cost-cutting measures to compensate for lower sales.

Source: WSJ

Posted in Adobe, FYI, H1B, IT, IT consulting, India, Services, US, media, outsourcing, software, worldwide | No Comments »

WARN: Layoff announcements in January - February 2009 in California Hi-Tech

Monday, December 22nd, 2008

According to California EDD WARN statistics, the following layoffs are scheduled for January - February 2009 in hi-tech companies with number of employees greater than 50:

ADOBE SYSTEMS INCORPORATED, Location: SAN FRANCISCO, Layoff date: 2/3/09, Employees affected: 75

CADENCE DESIGN SYSTEMS, INC, Location: SAN JOSE, Layoff date: 1/4/09, Employees affected: 245

NATIONAL SEMICONDUCTOR CORPORATION, Location: SANTA CLARA, Layoff date: 1/13/09, Employees affected: 151

PALM, INC, Location: SUNNYVALE, Layoff date: 1/19/09, Employees affected: 107

SANDISK CORPORATION, Location: MILPITAS, Layoff date: 1/11/09, Employees affected: 96

SEAGATE TECHNOLOGY LLC, Location: MILPITAS, Layoff date: 1/3/09, Employees affected: 48
SEAGATE TECHNOLOGY LLC, Location: MILPITAS, Layoff date: 4/3/09, Employees affected: 43

SHUTTERFLY, INC, Location: HAYWARD, Layoff date: 1/16/09, Employees affected: 70

SIEMENS, Location: LOS ANGELES, Layoff date: 1/30/09, Employees affected: 6

SIEMENS MEDICAL SOLUTIONS, Location: MOUNTAIN VIEW, Layoff date: 1/5/09, Employees affected: 2

SUN MICROSYSTEMS, INC:
Location: SACRAMENTO, Layoff date: 1/5/09, Employees affected: 3
Location: SACRAMENTO, Layoff date: 1/18/09, Employees affected: 2
Location: EL SEGUNDO, Layoff date: 1/5/09, Employees affected: 1
Location: EL SEGUNDO, Layoff date: 1/18/09, Employees affected: 1
Location: IRVINE, Layoff date: 1/5/09, Employees affected: 4
Location: IRVINE, Layoff date: 1/18/09, Employees affected: 3
Location: MENLO PARK, Layoff date: 1/5/09, Employees affected: 19
Location: MENLO PARK, Layoff date: 1/18/09, Employees affected: 6
Location: PLEASANTON, Layoff date: 1/5/09, Employees affected: 5
Location: PLEASANTON, Layoff date: 1/18/09, Employees affected: 7
Location: SAN DIEGO, Layoff date: 1/5/09, Employees affected: 2
Location: SAN DIEGO, Layoff date: 1/18/09, Employees affected: 2
Location: SAN FRANCISCO, Layoff date: 1/18/09, Employees affected: 4
Location: UNIVERSAL CITY, Layoff date: 1/18/09, Employees affected: 1

SYMANTEC:
Location: CUPERTINO, Layoff date: 1/19/09, Employees affected: 55
Location: MOUNTAIN VIEW, Layoff date: 1/13/09, Employees affected: 38

VISHAY SILICONIX, Location: SANTA CLARA, Layoff date: 2/6/09, Employees affected: 97

VIRGIN MOBILE USA, Location: WALNUT CREEK, Layoff date: 1/1/09, Employees affected: 192

THE BOEING COMPANY:
Location: ANAHEIM, Layoff date: 1/1/09, Employees affected: 5
Location: ANAHEIM, Layoff date: 1/22/09, Employees affected: 2
Location: EL SEGUNDO, Layoff date: 1/1/09, Employees affected: 8
Location: EL SEGUNDO, Layoff date: 1/22/09, Employees affected: 3
Location: HUNTINGTON BEACH, Layoff date: 1/1/09, Employees affected: 19
Location: HUNTINGTON BEACH, Layoff date: 1/22/09, Employees affected: 42
Location: LONG BEACH, Layoff date: 1/1/09, Employees affected: 50

Source: California EDD WARN

Posted in Adobe, Bay Area, California, FYI, General, H1B, IT, IT consulting, India, Manufacturing, News, Palm, Technology, Telecom, US, Wireless, aerospace, aviation, silicon valley, software, unemployment | 7 Comments »

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