8% workforce cut and weak financial outlook. Any thoughts from the Symantec folks?
Layoffs in MV office ?
Proofpoint is hiring.
Yes, send ur resume
I saw this train coming.
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.
Pretty horrific
Yes Buddy..they gonna layoff more people in October..it will continue until end of 2018
Symantec is doomed, has been pretty clear for a long time
I wonder what Mcafee’s outlook is. They are direct competitors.
Dickless