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American software company NortonLifeLock is planning to axe over 140 jobs in two states to cut costs.Arizona-based NortonLifeLock was previously known as Symantec. At its Mountain View headquarters, 152 jobs were expected to be terminated, along with a further 18 positions in San Francisco and 36 roles in Culver City, Los Angeles County.
This inevitably requires reductions in select areas of the company. 589 reviews from Broadcom employees about Broadcom culture, salaries, benefits, work-life balance, management, job security, and more.
"As with any acquisition, we seek to align skills and resources to most effectively pursue today’s market opportunities. Broadcom appears to be planning a massive layoff of employees from its newly-acquired CA Technologies business. Newsday on Thursday reported that Broadcom is planning to lay off … “Although Broadcom will not confirm the size of the layoffs or what groups are affected, sources indicate that the former Silicon Spice, Newport Networks, and BlueSteel groups were almost completely wiped out, with some trimming occurring in other areas of the company,” according to the newsletter.
Broadcom Inc. is a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions.
These are difficult but necessary decisions, and we work with impacted employees to help ensure they have appropriate services and support," Broadcom said.At least one employee was told that her last day in the office is Nov. 9, but would not be officially terminated until Feb. 8 of next year, Newsday reported.Broadcom, in an emailed response to CRN about the reported layoffs, wrote that employees are critical to the company's success and that it carefully considers how best to integrate workforces.Broadcom appears to be planning a massive layoff of employees from its newly-acquired CA Technologies business. According to internal documents that Newsday obtained, Broadcom will lay off almost 2,000 of its 4,837 U.S.-based CA employees.
Emails were sent to all CA employees in the U.S. stating that 40.9 percent of them would be laid off with severance packages, while the remaining employees will be retained.Broadcom is laying off about 40 percent of the U.S.-based employees of CA Technologies right after the company closed its $18.9-billion deal to acquire CA, according to reports.
Broadcom Inc said it had laid off about 1,100 employees across its businesses to cut costs after its merger with Brocade Communications Systems.
On August 8, the same day that Broadcom's acquisition of Symantec was publicized, Symantec announced plans to lay off roughly 7 percent of its employees during fiscal year 2020. The company underwent a rebranding after its enterprise cybersecurity business was acquired by San Jose chipmaker Broadcom for around $11bn in the summer of 2019.On August 8, the same day that Broadcom's acquisition of Symantec was publicized, Symantec announced plans to lay off roughly 7 percent of its employees during fiscal year 2020. A total of 34 Plano positions are expected to be terminated by mid-January, with an additional eight roles expected to be scrapped by mid-February.At its Mountain View headquarters, 152 jobs were expected to be terminated, along with a further 18 positions in San Francisco and 36 roles in Culver City, Los Angeles County. NortonLifeLock has more than 11,000 employees worldwide and serves more than 50 million people with Norton antivirus software and LifeLock identity theft protection.Vincent Pilette, CEO of NortonLifeLock, told the newspaper that the company is not only axing jobs but also selling off real estate in a major effort to reduce costs and help drive earnings growth. Leading fabless chip company Broadcom Inc., which recently relocated from Singapore to San Jose, California, has announced that it has laid off 1,100 people following its acquisition of Brocade Communication Systems Inc. in November 2017.
Best Cities for Jobs 2020 Broadcom says that it started implementing cost reduction activities associated with the Broadcom/Avago merger, taking on restructuring costs of $14 million last quarter and $45 million for the two quarters ended May 6, and $22 million and $64 million for the quarter and two quarters ended April 30, 2017, respectively.