New layoffs started today, company has no growth. Bluecoat management totally screwed company. Audit is still not done, stock tanked 30% last quarter and another 12% after this quarter. Stock is back to 2006 level.
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Bluecoat management already bailout, they sold their stock day before quarter result, so much for growth. Looks like Symantec made another big mistake by buying bluecoat, product has no sale. ESPP is suspended, I am guessing next is 401k contribution on chopping block.
What is this now, year five or six of continuous reduction in staff? Morale is atrocious. We've lost some of our top talent, and forget about attracting fresh faces. Anyone who comes to Symantec today is settling, plain and simple. Only folks staying are just waiting out to get their severance and to take a few months off before the next career move. Days are numbered for each of us.
Absolutely no idea how anyone, employee or investor, can have confidence in the management team at this point. Oh well, slash 'n burn is the answer!