Wednesday, November 14, 2007

Symantec cutting staff as cost reductions continue


Symantec Corp. is laying off an undisclosed number of employees this week, according to reports.

Dow Jones said the Cupertino-based company (NASDAQ:SYMC) confirmed the layoffs but said they aren't connected to a $200 million cost-cutting initiative announced in January.

Symantec didn't provide specifics about the layoffs.

The company has been trying to expand its sales to businesses, bolstering its consumer products such as the Norton line of security software.



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