Symantec Plans Significant Job Cuts (4.5%)

Source: TechTraderDaily

October 30, 2008, 1:50 am

Speaking on the company’s post-earnings conference call, Symantec (SYMC) CEO John Thompson said the company is planning a significant reduction in force. Thompson didn’t provide a specific number of layoffs, instead indicating that the company plans to cut its “head count budget” by 4.5%.

Asked to elaborate, a company spokesman declined to provide a specific number on the planned head cuts; but given that the company has close to 18,000 employees, the number will almost certainly be substantial. A cut of 4.5% would imply a loss of about 800 jobs, although again, that is not quite what they described. If they cut from the bottom - employees with less than average impact on the head-count budget - the number could be higher. Layoff higher-paid execs, and the number of job losses could be lower.



Read more: http://blogs.barrons.com/techtraderdaily/2008/10/30/symantec-plans-significant-job-cuts/

Norton 2009 is the best product they have ever come out with, sleek, easy on the resources, but at $40 for a single subscription, it is just stupid. AVG and Avast do as good a job for the average person. Sorry they have to cut jobs, maybe they should cut prices instead and save human resources, but, as with most companies, get rid of the people and they think they will solve all of their problems.

has morphed into a bloated obtrusive resource hog. I am now using ESET smart security (google it). It is lightweight and never interrupts me with annoying and disruptive demands for resources.

Where I work, the IT folks just switched to another enterprise firewall and virus software package. Presumably for reasons similar to the reasons I dumped Norton.

If Symantec cuts the bloat from Norton anti virus suites maybe business will recover. I am not sure that is going to happen through layoffs. My guess is that they are focusing on the wrong things - still/again.

but it may be too late to save jobs. 2008 was the epidemy of stupid, bloated crap. It turned off commercial customers like us becuse time waiting is time lost.

Might be worth buying, so that I have two AV's on my system.
I love Avast but it does miss stuff.

Zone Alarm - that's a big no-no in my book.

for AVG.

Norton and McAfee are nothing but overpriced junk. About all that's kept them going for the last five years are corporate IT departments, and even they're getting wise.

I'm sorry for the folks at Norton who are losing jobs, but they know they've been living off sales of bloatware for years, it finally caught up with them.

I paid good money for their System Works so I could use their version of checkdisk while the C: drive was in use. But, of course, that didn't work in XP like I thought it did before. With c: drive, it just told you that it would have to use windows chkdsk at boot up anyway. Later, I tried to upgrade once and, after spending a bunch of money online, the upgrade codes they gave me didn't work. Eventualy ages after a bunch of calls, I did some cleanups and got it working, but then I found that when you were low on disk space, Norton's wouldn't let you delete files directly. It put stuff you were trying to delete into a Protect directory. So when I was running out of disk space, I had to delete stuff twice.

What a pain. Would never buy Norton's again.

:hi:

Once you work that high up in the computer food chain, where do you go?

I can't go back to pushing carriages or stocking shelves.:pals:

:hi: :hug: :hug: :hug: :pals:

:rofl: Shame on you for peeking.

With all the losses lately, I can't understand how the govt. is getting by with the lie that unemployment is maybe only 7% nationally.

In my metro area it's about 25% and that's no exaggeration. I would imagine it's probably close to 20% nationwide.

:eyes:

More corporations depend on Norton than any other anti-virus software.