Thursday, December 04, 2008

Tech Layoffs

It seems that no one is immune in the down economy. I've always thought of Adobe as a blue chip tech company, with a wide array of products. It appears that part of the problem for Adobe has been a less than expected demand for their Creative Suite 4 software. The screenshot above is from TechCrunch's Layoff Tracker - In The Face Of Weakening Demand, Adobe Sheds 600 Workers
Today, Adobe announced it would lay off 600 workers, or 8 percent of its total headcount. The recession is forcing it to reduce its sales forecasts for the next two quarters. No wonder it canceled its booth at Macworld. When the big guys are hurting, everybody hurts.

That brings our Layoff Tracker up to 76,000 tech jobs lost since late August.

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