CALIFORNIA: Symantec Corp, the biggest maker of cybersecurity software, said it is cutting about 10 percent of its workforce as it reorganizes its business.
The company also said profit excluding some costs in the fiscal first quarter will be US$0.24 to US$0.26 a share on sales of US$865 million to US$895 million, Symantec said in a statement on Thursday. That was mostly in line with the average analyst projection of US$0.24 a share in profit on US$876.2 million in revenue, according to data compiled by Bloomberg.
Those predictions were reduced last month when Symantec cut fourth-quarter forecasts.
