Adobe takes the week off to ride out recession

SAN FRANCISCO, USA: Adobe Inc, the world’s biggest maker of graphic-design software, shut down its North American offices for a week for the second time this year, as part of cost-cutting measures, media reports said on Wednesday.

As per reports the holidays to fight recession began on Monday, and it will reopen on Monday, July 6, after the nationally celebrated July 4 holiday in the U.S. Adobe had told employees in March that it would impose one-week closures in the second, third and fourth quarters, and asked staff to take paid vacation time.

These are in addition to the normal holiday shutdown. It plans to shut down for another week later this year in addition to its normal weekly closure between Christmas and New Year's Day in December, the company confirmed in a press statement.

Like many technology companies, Adobe is also facing the heat of recession and its revenue has been declining as creative professionals who use its design programs cut back on software purchases.

In order to fight the bad times Adobe had frozen salaries and trimmed bonuses and other variable compensation plans and also had reduced the workforce.