Symantec to cut 8% of its staff

Jamie McKane

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Symantec to cut 8% of its staff

Symantec Corp., the world’s biggest maker of cyber-security software, said it will cut as much as 8 percent of its workforce after giving a forecast for quarterly profit and revenue that fell short of analysts’ estimates.

The shares tumbled 9 percent in extended trading.

[Bloomberg]
 
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