Thread regarding Symantec Corp. layoffs

RIF timeline info

First RIF was mid-may, and the acquisition was announced 4-6 weeks later. Closed the deal in November and the next RIF was within weeks of that.

This is info posted by somebody from CA on their board on the RIF timeline regarding the acquisition. For those who are not checking what they are saying there (and you should, to be honest,) I copied it here.

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| 3081 views | | 7 replies (last September 12, 2019) | Reply
Post ID: @OP+100Alz1v

7 replies (most recent on top)

Main Symantec layoffs discussion page is here: &symantec

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Post ID: @10dlx+100Alz1v

I was at CA November 2018 and it was a bloodbath, BRCM doesn't believe in back office support so they will eliminate most finance, legal, marketing etc. positions immediately.

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Post ID: @roeg+100Alz1v

Maybe the reason so many of you were liquidated is because you clearly suffer from a collective reading comprehension disorder.

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Post ID: @2ocn+100Alz1v

@Tada is right... Octane (BRCM ceo) will dire the 40% of the current employees the day 1... other will follow, Symantec is the Next one after Brocade, Ca technologies and others, ad already said by others, take your severance an run away

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Post ID: @1vnz+100Alz1v

I don't think you understand so I'll try to be more clear.

Very few people at SYMC give a damn about your doomsaying. The board at SYMC has been meddling for the past 7+ years in the company operations. Executive team after executive team. Still the same board. Bennett couldn't get things done on the board's timetable. Bennett gone. Clark couldn't get things done on the board's timetable. Clark gone. We won't even talk about Enrique or Brown.

But regarding RiF's, they have been a long time coming and most people are resigned to the fate that's coming. They've been announced and even acted on. The internal memo rumors are out there. A massive reduction is coming completely irrespective of the Broadcom deal.

The truth is though, that if Broadcom does buy then whatever is left, whoever remains, will no longer have to deal with the whims of this fickle board and biennial strategy shifts. At least then perhaps there will be even a modicum of actual leadership at the executive level.

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Post ID: @sbn+100Alz1v

That's what people at CA said after they looked at how the Broadcom takeover of Brocade worked out. And guess what, they were wrong.

There are common themes here, and if you believe you are an exception you are deluded. Broadcom has playbooks worked out months in advance, and they will cut the business to the bone and noone at your company will have any say about how it will happen.

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Post ID: @ogm+100Alz1v

Who cares what CA people are saying regarding RiF's? Symantec had an "up to 8%" RiF in April. There is going to be another RiF in the next two weeks of 15-20%. There will be another RiF after that of an as of yet undetermined amount.

It's coming irrespective of any sale to Broadcom. so it doesn't matter what they experienced. Symantec is a different company and is going to increase operating margins come hell or high water.

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Post ID: @sse+100Alz1v

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