Adobe plans to cut 600 jobs
Adobe Systems Inc. cut its fiscal fourth-quarter earnings guidance, based on lower-than-expected revenue, and said it plans to cut 600 jobs, or about 9% of its world-wide work force.
Video game publisher Electronic Arts said Friday it will cut 1,000 jobs, or 10% of its work force, as part of a restructuring plan that will save around $120 million a year.