Source:
Channel Web NetworkNovember 26, 2007
Symantec's wave of layoffs has reached high levels of the company. In keeping with its ongoing campaign to cut costs, the IT security giant Symantec recently laid off two of its top executives.
Those included in the recent downsizing are Marlene Williamson, Vice President of Americas Marketing, and Erna Arnesen, VP Global SMB and Industry and Partner Marketing.
While Symantec declined to comment on the status of the specific employees, a spokesperson stated via e-mail that, "Symantec continues to have a strong focus on controlling its costs and has set cost saving targets for each business function. In some instances, headcount reductions will be implemented as part of the ongoing cost savings initiative."
Earlier this month, Symantec announced that it planned a series of cutbacks that would impact just under 3 percent of its global workforce, but would not, however, affect all of the company's business units. The layoffs come at a time when Symantec is simultaneously engaged in deals to acquire more companies, including the recent $350 million acquisition of data loss prevention vendor Vontu.
What the most recent round of layoffs will mean to channel partners still remains to be determined.
Read more:
http://www.crn.com/security/204203601
"Layoffs Hit Top Execs?" :nopity: