We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Symantec to cut 4.5% of workforce

IT slowdown takes hold at security giant

Symantec expects to begin laying off employees next month ahead of an anticipated slowdown in the IT market.

Symantec isn't saying exactly how many jobs it will cut, but chief financial officer James Beer said that the company is looking to trim about 4.5 percent of the cost of its workforce. Separately, Symantec is also outsourcing some of the work done by its IT and finance departments, he said during a conference call with financial analysts.

Symantec has not yet determined how many cuts it will make to its workforce of 17,800 employees, but the layoffs will affect staff in all regions, said Cris Paden, a company spokesman. "We'll be notifying employees next month," he said.

Starting in the last weeks of September, Symantec saw some "hesitation from some of our customers when it came to finalising commitments," Beer said.

"We did see some pulling back," he added. "It was an effect that we saw in different parts of our customer base around the world."

Top stories on PC Advisor:

Windows 7 review

Windows 7 & Windows Azure explained

Google Android: T-Mobile G1 launches in the UK


IDG UK Sites

Windows 10 launch event as it happened: Read our Windows 10 launch live blog - find out first as...

IDG UK Sites

Windows 9 and the death of the OS as a must-have product

IDG UK Sites

Video trends: 4K is here – HDR video, VR and 3D audio is coming

IDG UK Sites

Best iPhone 6, iPhone 6 Plus deals: iPhone 6, iPhone 6 Plus tariffs, contracts and prices UK