Broadcom buys Symantec's Enterprise devision... Fate of employees and who is affected?
No value to buy Symantec
JMP, where you at bruh?
Fate of employees: Broadcom bought some parts of the enterprise business. Whoever was not bought is a part of âstranded costsâ and will be laid off soon. The consumer business (which contributes 90% of Symantecâs operating income) is still retained and employees are not affected there for now. I might be a stupid optimist but it seems like a great move for whoever is left. TL;DR sold the part of the business that had shitty margin. Sucks for the employees a part of that business. Kept the business thats been performing really well, and Iâd say good for those employees.
The technology group also were sent across with broadcom. This group known as STAR are the ones responsible for the underlying detection engines and detections amongst others. Norton are making money at the moment because of lifelock. However no matter how one looks at it the future of the whole thing is in doubt. Full disclosure I work in STAR
Who will buy Norton?
Symantec did not include its Consumer Cyber Safety business â Norton LifeLock â in the deal. https://www.channele2e.com/investors/broadcom-acquiring-symantec-enterprise-security-business/
RIP symantec. Shitty AV.
McAfee? Lol JohnPee is gonna shit on me.