The Channel logo

News

By | Austin Modine 12th November 2007 23:10

Symantec begins round of layoffs

Unspecified number to get axe this week

Watch Now : Virtual Machine Movement with Hyper-V

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. ®

Watch Now : Virtual Machine Movement with Hyper-V

comment icon Read 3 comments on this article alert Send corrections

Opinion

Joe Fay

Server boss comes to London, become hostage to fortune
cubicle_farm_computers_channel

Tim Ayling

Er, what does that mean? Anything you want it to
money trap conceptual illustration

Eddie Pacey

Get your money up front if you want money up front

Features

Vendors struggling to reinflate the bubble
Hellawell on being 'tight' - and his part in Thatcher's downfall
Square Group new premises
Whitman: A scythe-wielding Canute on a sinking ship