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Thursday, Jun 13
Symantec (SYMC +0.4%) is set to cut up to 1.7K jobs (~8% of its workforce) as soon as...
Symantec (SYMC +0.4%) is set to cut up to 1.7K jobs (~8% of its workforce) as soon as today, AllThingsD reports; Bloomberg reported in January Symantec plans to cut at least 1K jobs in its restructuring, which is part of new CEO Steve Bennett's efforts to eliminate redundant products and focus on integrated software solutions. Symantec stated in its FY13 10-K it expects to record restructuring charges of $200M-$250M in FY14 (ends March '14).