AT&T Tech Support 360
- Related Stories
-
Symantec buys risk-management start-up
March 8, 2007 -
Symantec CEO says no Vista for me
February 13, 2007 -
Symantec unveils Vault for enterprise storage
January 30, 2007 -
Symantec closes Veritas merger
July 6, 2005
The Cupertino, Calif.-based security and database management software maker in January set a goal to reduce its cost structure by $200 million. As part of that, an unspecified number of employees are now being let go, Melissa Martin, a Symantec spokeswoman, said Thursday.
"We're reducing (our) head count cost by 5 percent," Martin said. She declined to say how many employees would be affected by the layoffs. Symantec employs about 17,500 people worldwide.
After a disappointing quarter for its enterprise business, Symantec in January said it would cut costs by $200 million to align its expenses with its revenue expectations.
To achieve that target, the company said it would trim its workforce, reduce new hires, consolidate facilities and cut spending on contractors, consulting and travel.
Symantec's shares were trading at $16.51, off slightly from the $16.55 opening price on the Nasdaq exchange. The stock fell sharply in mid-January after Symantec warned that results for the three month-period ending December 29 would be lower than forecast. For the quarter, Symantec reported net income of $114 million on $1.31 billion in revenue.
See more CNET content tagged:
Symantec Corp.,
software company,
security
quality support they provide to customers by using offshore call
centers.
Other large tech companies I'm stuck dealing with do the same
thing. They get plenty of complaints, but they do nothing. That
tells me, as a customer, they don't care about providing their
customers with inferior quality technical support.
Watch. Grossly overpaid as Symantec's upper management
probably is (by any "normal" person's standard), the board that
is supposed to be acting in the best interest of the stockholders
will somehow justify giving them a raise, even as the people
mentioned in this article loose their jobs.
I'd like to see another article after their "reorganization" is over
with that has a before/after snapshot of Symantec's upper
management compensation. For real.
How about it CNet? A story about whether or not Symantec's
upper management shared in their employees grief during this
"reorganization", or profited from it with raises, more stock
options, and bigger bonuses.
Charles R. Whealton
Charles Whealton @ pleasedontspam.com
- asked if they could make value offerings for the consumer - nope they are merely a money glutton now.
- The ceaseless whineware is aggravating at best.
- Support, including pre-sales absolutely sucks.
I have not recommended symantec to anyone in a great many years.