The Channel logo

News

By | Austin Modine 12th November 2007 23:10

Symantec begins round of layoffs

Unspecified number to get axe this week

Symantec is laying off an unspecified number of employees this week, the security software company has confirmed.

The security firm would not specify the number of jobs to be culled, or the departments targeted for the cuts.

"Symantec continues to have a strong focus on controlling its costs and has set cost savings targets for each business function," said spokeswoman Melissa Martin. "In some instances, headcount reductions will be implemented as part of the ongoing cost savings initiative."

The company announced in January it would implement $200m worth of cuts to compensate for waning demand for its data center offerings and free security program offerings from Microsoft and ISPs.

News of the layoffs were first reported by Valleywag, who say the cuts are internally going by the code-name "Project Xpress."

Employees likely to be affected are new hires and those from startups recently acquired by Symantec. ®

comment icon Read 3 comments on this article alert Send corrections

Opinion

Microsoft Surface bomb
Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that