Symantec Layoffs

FTI Consulting / Other N3X7
Aug 3, 2018 10 Comments

8% workforce cut and weak financial outlook.

Any thoughts from the Symantec folks?

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TOP 10 Comments
  • Symantec / Eng eYcG72
    If you saw the earnings the Enterprise side of the company had a massive dip in sales last quarter. The CEO explain it away saying it was manageable problem and that they where confident that the sales force could sell more to make up for it. I myself don't buy it. Worse is they been giving us mostly 0% raises but lots of stock that lose lots of value each passing day. I am not too worried for my group, and if I ended up getting laid off I would get a pretty nice severance and market is good right now. Consumer, because we bought Lifelock, is growing again and is propping up the rest of the company. They made the decision couple years ago to take the profits from the consumer division and invest in the enterprise side, while also trying to cut 500 million in expenses at the same time. Well looks like that is blowing up in their faces. They will most likely layoff people we need which in turn will just make the death spiral worse. Most of the good leaders left the company over the past few months. All we know so far is that the layoffs company wide, every site, and clould be months before we get through it all.
    Aug 4, 2018 0
  • Proofpoint / Other gaaandu
    Proofpoint is hiring.
    Aug 3, 2018 0
  • Symantec jWRv82
    Symantec is doomed, has been pretty clear for a long time
    Aug 7, 2018 0
  • Symantec / Eng JunkyMunky
    I saw this train coming.
    Aug 4, 2018 0
  • Apple / Eng JobsHand
    I wonder what Mcafee’s outlook is. They are direct competitors.
    Aug 3, 2018 1
  • Symantec / Eng
    kpSX80

    Symantec Eng

    BIO
    Devops Engineer
    kpSX80more
    Yes Buddy..they gonna layoff more people in October..it will continue until end of 2018
    Aug 6, 2018 0
  • Symantec YQFu06
    Pretty horrific
    Aug 4, 2018 0
  • Proofpoint / Eng
    Backed gig

    Proofpoint Eng

    PRE
    Symantec
    Backed gigmore
    Yes, send ur resume
    Aug 3, 2018 0
  • Oracle alive
    Layoffs in MV office ?
    Aug 3, 2018 0

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