Symantec restructuring is not over and above the previous obviously did not end the problems faced by the publisher. The disposal of Veritas and its activities in storage must be the solution.
On the occasion of the publication of its financial results, Symantec, however, announced a new reorganization. The goal: save $ 400 million through an “efficiency program”.
An “efficiency program”
This will require the elimination of costs associated with the sale of Veritas, streamlining business infrastructures, simplification of business solutions portfolio and headcount reduction.
and Symantec plans to part with 10% of its workforce via suppression of about 1200 jobs. The security editor currently employs 11,000 people in 35 countries.
The new “program” thus follows the publication of financial results down. During the quarter, Symantec’s sales dropped by 3% – 4% and for the single business segment. Over the full fiscal year, the decline in revenues was 9% to $ 3.6 billion.