With the reorganization plan that has put in place, the company expects to save between 220 and 250 million dollars.
While the last quarter's results of Symantec, which is already in its fiscal year 2014, has produced good numbers, the company is undergoing a process of corporate restructuring.
The objective is to strengthen its leading market solutions and seek strategic alliances, to which the CEO of the company, Steve Bennett, already said that numerous changes, there would be including the forecast of eliminating between 30% and 40% of managerial posts.
These days the company is preparing to lay off 1,700 employees in lathe, according to sources cited by the American middle AllThingsD.
The cuts are going to produce in two phases. Around 1,000 jobs will eliminate this month and other 700 will be removed in July.
In total, Symantec provides restructuring amounts to about 8% of 21,500 employees of the firm worldwide.
The company has assured that with this reorganization expected to save between 220 and 250 million dollars. The cuts must be complete before the end of the fiscal year 2014 that the manufacturer has started on March 30.
In an official statement issued by the company, Ellen Hayes, Symantec's spokesman, said that "there are several stages in the process, that we have divided between the layers Executive and positions of management at all levels of employees".
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