Security software company Symantec may lay off as many as 1,700 employees as early as today, sources familiar with the company’s plans tell AllThingsD.
The cuts are part of a company-wide reorganization first announced in January as part of a turnaround plan instituted by Steve Bennett, Symantec’s new CEO, who joined the company 11 months ago.
Bennett, a former CEO at Intuit and a veteran of General Electric, told Reuters in a January interview that the company has too many management layers and would be streamlined into 10 business units.
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via Symantec Cutting Up to 1,700 Jobs as Early as Today – Arik Hesseldahl – News – AllThingsD.
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