McAfee security plans layoffs

Advertisement
By Reuters | Updated: 9 October 2012 11:33 IST
Intel Corp's McAfee security division is planning to lay off a "small percentage" of its workforce of about 7,100 employees, a company spokesman said on Monday.

McAfee spokesman Ian Bain said he could not provide more information about the planned job cuts, which the world's No. 2 maker of anti-virus software disclosed in response to an inquiry from Reuters.

Makers are of security software for personal computers are struggling in the midst of a PC industry slump. They could face increased pressure after October 26, when Microsoft Corp launches its Windows 8 operating software, which will be bundled with free anti-virus software.

Symantec Corp , McAfee's bigger rival in the anti-virus software market, is in the midst of a strategic review begun in July by the company's new CEO, Steve Bennett, who took over in July after the board fired his predecessor.

Advertisement

Cris Paden, a spokesman for Symantec, said the company had no job cuts to announce.

Advertisement

"We evaluate conditions on an ongoing and regular basis and there are no plans as of right now," Paden said.

Intel Corp acquired McAfee, the world's second-largest security software maker, in February 2011 for $7.7 billion. The division had 7,072 employees as of June 30, according to Bain.

Advertisement

Intel is scheduled to release quarterly earnings on October 16, while Symantec plans to release its results on October 24.

Copyright Thomson Reuters 2012

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: McAfee, Intel, lay off
Advertisement

Related Stories

Popular Mobile Brands
  1. YouTuber Shows Off Samsung Galaxy S26 Ultra Alongside the iPhone 17 Pro Max
  2. Apple Said to Plan Five Launches at March 'Special Experience' Event
  3. Apple's iPhone 18 Pro Models Could Come in a New Deep Red Colourway
  4. LG Gram 14 (2026) Launched With Up to Ryzen AI 7 450 Processor: See Price
  5. Galaxy S26 Ultra Retail Unit Leaks Before Launch, Showcasing Privacy Screen
  6. Nothing Headphone (a) Listed on IMDA Database Ahead of Anticipated Launch
  7. Samsung Galaxy S26 Ultra Leak Suggests It May Skip Battery, Camera Upgrades
  8. iPhone 17, iPhone 16 Discounted in Croma Everything Apple Sale
  9. Who Is Asha Sharma, the New Xbox Chief Replacing Phil Spencer?
  10. Ikk Kudi OTT Release Date: When and Where to Watch Shehnaaz Gill's Punjabi Rom-Com
  1. Croma Everything Apple Sale Brings Discount on MacBook Pro M5 (2025), iPad Pro, and More
  2. iPhone 17, iPhone 16 and Other Models Discounted in Croma Everything Apple Sale: Best Deals, Offers
  3. Apple Reportedly Exploring Deep Red iPhone 18 Pro Colour; iPhone Fold to Have 'Utilitarian' Shades
  4. Apple Said to Be Developing Visual Intelligence Models for AI Pendant, Other Upcoming Wearables
  5. Nothing Headphone (a) Reportedly Listed on IMDA Certification Database Hinting at Imminent Global Launch
  6. Samsung Galaxy S26 Ultra Seen Alongside iPhone 17 Pro Max as YouTuber Purchases Handset Ahead of Galaxy Unpacked
  7. LG Gram 14 (2026) With Up to AMD Ryzen AI 7 450 Processor, 72Wh Battery Launched: Price, Features
  8. Samsung Galaxy S26 Ultra Retail Unit Surfaces Ahead of Unpacked Event, Highlighting Privacy Screen Feature
  9. Samsung Galaxy S26 Ultra Marketing Images Leaked; Could Arrive Without Battery, Camera Upgrades
  10. Apple’s March 4 Event Could Bring iPhone 17e, Low-Cost MacBook and iPad Updates: Report
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.