Symantec Cuts Staff, Reshapes Appliance Investment

By Ryan Naraine  |  Posted 2006-06-26 Print this article Print

The Internet security vendor lays off about 80 employees as part of a plan to reduce its investment in certain appliance product lines.

Symantec is reshaping its push into the network and gateway security business.

The Cupertino, Calif., security vendor on June 26 confirmed it was "reducing its investment" in certain security appliances and laying off staff members as part of the move.

About 80 employees have been given pink slips, and Symantec said the strategy shift will immediately affect the SGS (Symantec Gateway Security) appliances as well as the SNS (Symantec Network Security) 7100 and the SGS Advanced Manager 3.0 appliances.

A company spokesperson said Symantec will continue to sell and support the affected products across all go-to-market routes.

"Symantec will continue to develop the key content technologies that these appliances leverage. However, we have changed our strategy on how well deliver these technologies. We will pursue a different hardware solution—instead of designing the hardware ourselves, well look to partners to help us do that," the spokesperson said in a statement released to eWEEK.

"This change in investment strategy will allow us to develop best-of-breed solutions that meet the complex needs of todays businesses," Symantec added.

The spokesperson said the decision does not affect Symantecs other security appliances, including SMS (Symantec Mail Security), SSIM (Symantec Security Information Manager), and Symantec Network Access Control Enforcer appliance.

Check out eWEEK.coms for the latest security news, reviews and analysis. And for insights on security coverage around the Web, take a look at Security Center Editor Larry Seltzers Weblog.


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