Symantec Cutting Jobs by 8% to Save $115 Million
Symantec (SYMC) is planning to reduce its global workforce with the hope of saving tens of millions of dollars in costs and accelerating its path to profits. Symantec employs about 13,000 people, and the planned layoff would see the company eliminate around 1,000 jobs. It expects the benefit of the workforce reduction to be felt in fiscal 2019.