Hit by the global economic slowdown, Adobe Systems said in December that it would cut 600 jobs as it also lowered its revenue expectations for the fourth quarter. The job cuts will be made worldwide and account for about 8 percent of Adobe's total workforce, which stood at 7,623 at the end of September. The economic slowdown led to slower-than-expected sales of Adobe's new Creative Suite 4 software, which includes products like Photoshop and Dreamweaver and went on sale during the fourth quarter in North America and Europe, the company said.
"The global economic crisis significantly impacted our revenue during the fourth quarter," Shantanu Narayen, Adobe's president and CEO, said in a statement.
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