All the latest UK technology news, reviews and analysis


Symantec cuts jobs as profits slide

24 Jan 2013
Symantec logo

Symantec has outlined plans for a reorganisation plan which will see sales and middle management roles at the security vendor being cut.

The company said the job cuts would come as it seeks to give its front-line sales staff greater flexibility and shift more customer support to its channel partners.

"This is a story about more focus and better execution by Symantec to make things better and easier for our customers and partners," said chief executive Steve Bennett.

"Our path is straightforward: Offer better products and services tailor made for customers, and make it easier for them to research, shop, buy, use, and get the help and support they need."

The move will include consolidation efforts as well. The company said that it would seek to consolidate platforms into bundled editions and package offerings. The packages will focus on 10 specific areas and are due to be rolled out over the next six to 24 months.

"We are not offering packages that they have to take it or leave it," said Bennett.

"Customers can still decide what’s right for them and buy accordingly, but have the added option of migrating to new integrated offerings which provide added flexibility we know they will need to combat constantly evolving threats, particularly via mobile and the cloud."

In addition to reshuffling its sales and support channels, the company said that it will be shifting more money into research and development operations. Symantec said that it would be seeking to focus more time on expanding its business and developing new products.

The reorganisation comes in the wake of Symantec's most recent financial results. Symantec posted $1.8bn in sales for the quarter ending 28 December, 2011, up four percent year on year, with sales particularly strong in the EMEA region.

But profits at the firm slumped 12 percent, down to $212m compared to $240m in the same period the year before.

  • Comment  
  • Tweet  
  • Google plus  
  • Facebook  
  • LinkedIn  
  • Stumble Upon  
Shaun Nichols
About

Shaun Nichols is the US correspondent for V3.co.uk. He has been with the company since 2006, originally joining as a news intern at the site's San Francisco offices.

More on Security
What do you think?
blog comments powered by Disqus
Poll

Windows 10 poll

What are your first impressions of Windows 10?
12%
5%
10%
3%
19%
3%
48%

Popular Threads

Powered by Disqus
V3 Sungard roundtable event - Cloud computing security reliability and scalability discussion

CIOs debate how to overhaul businesses for the digital era

V3 hosts roundtable with Sungard Availability Services

Updating your subscription status Loading
Newsletters

Get the latest news (daily or weekly) direct to your inbox with V3 newsletters.

newsletter sign-up button
hpv3may

Getting started with virtualisation

Virtualisation can help you reduce costs, improve application availability, and simplify IT
management. However, getting started can be challenging

ibmv3may

Converting big data and analytics insights into results

Successful leaders are infusing analytics throughout their organisations to drive smarter decisions, enable faster actions and optimise outcomes

PHP developer, web developer

PHP Developer, Web Developer Brighton, East Sussex...

C# Developer, Support Developer (Fluent German Speaker)

C# Developer, .Net Developer who is fluent in German...

Development Team Leader (Java, Perl)

Development Team Leader (Java, PERL) Brighton, East...

Graduate Software Developer

Graduate Software Developer The Company Our client...
To send to more than one email address, simply separate each address with a comma.