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Symantec / Cutting Up to 1,700 Jobs

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.

Chosen excerpts by Job Market Monitor

AllThingsD

via Symantec Cutting Up to 1,700 Jobs as Early as Today – Arik Hesseldahl – News – AllThingsD.

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