Feeds

Symantec plans layoffs as sales fall short

Ill wind blows forecasts off course

Combat fraud and increase customer satisfaction

Symantec has announced plans to cut its wage bill by 4.5 per cent in a move likely to means hundreds of people will lose their jobs with the security and storage software firm.

Chief financial officer James Beer also detailed previously announced plans to outsource work done by its IT and finance departments during a conference call discussing disappointing financial results.

Symantec's revenues rose to $1.52bn in the quarter ending 3 October, but this fell short of the $1.54bn analysts were expecting. These problems are likely to persist with Symantec predicting revenues of between $1.45bn to $1.5bn in Q3 against earlier Wall St estimates of $1.61bn.

Shares in the software giant slipped from around $15 to $12.20 on the news.

A Symantec spokesman said layoffs would occur across its global business. Staff affected can expect to be notified starting next month.

During its Managed Fusion event in the Netherlands earlier this month, Symantec boss John Thompson said that it wasn't immune if the economic slowdown creates tough times for its customers, adding that the depth of Symantec's portfolio would help it weather the storm. ®

SANS - Survey on application security programs

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.