Symantec going to eliminate 3500 out of 7500 Enterprise employees because of Broadcom deal
Whooping 47% elimination. Might need referral soon. Any thoughts, comments?
Link to article about layoffs?
Cmon man
Winter is coming
Yes this is correct. Broadcom agreed to buy the Enterprise software assets and the Symantec name. They will only take 4000 to 4500 employees. The rest will ethier be in new consumer only division, the rest laid off. At the end 4000 to 4500 to Broadcom. 2500 in the new consumer focused company.
Yep. We’re getting smoked. They basically put a timer for everyone in Enterprise, and we have to wait for a non-negotiable job offer from Broadcom. If we don’t get one by October, we’re cut.
That’s brutal.
I was laid off on the 8th, I’m paid through the 19th, and have a new start date on the 26th (pay a little better but commutes a little worse). In any case the job market is hot so just hang in there for your severance! The best is to get severance, roll onto an equivalent job and keep looking for the perfect job thereafter. The trouble is in stressing over this, which I did my share of and because of that, I was proactive in interviewing and had multiple offers before my layoff even happened. In other words your stressing for a reason and the only remedy is to actually do something about it! Start interviewing if fore nothings but to get the practice!
Way to be proactive...but are you saying you only had 2 weeks severance? Or was your severance on top of the 2 weeks of pay?
Does anyone know how many of the 7500 people are engineers from mountain view location who can be potentially laid off ??
No news on that yet... Also out of 7500 not sure how much is engineering and sales/hr... Sales and HR are surely going to get impacted... With lesser impact on engineering. But nobody knows that number. So it's better to be prepared
I heard that services and sales will be hit really hard. Engineers who don’t work on SEP, DLP, or Proxy should be on the alert. My understanding is that they will try to move engineers around to those three products as much as possible.
Yeah this is correct. Will affect Enterprise and all the shared services orgs that support the BU (IT, HR, Finance, Accounting Etc) Total layoffs are expected to exceed 4K out of 11K employees, or roughly 40% of total Symantec workforce. So yes, brutal.
To top it off the execs are cracking jokes at the all hand meetings talking about it.
Rick is the worst CEO we've had, and we have had some bad ones.
Yea the Schadenfreude is real with the SYMC execs. But Karma is a b... too.
But what's the deal ? Who acquired who?
Broadcom acquired Symantec.