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Symantec-Veritas Layoffs Forecast To Be Light
Symantec-Veritas Layoffs Forecast To Be Light

Symantec and Veritas have been telling the press that, in contrast to the thousands who lost their jobs with the Oracle-PeopleSoft takeover, only some 400 out of a combined workforce of 13,000 might be terminated when Symantec sucks up Veritas.

There's not as much overlap between Symantec and Veritas as between Oracle and PeopleSoft. So much so that Veritas CEO Gary Bloom suggested the two companies might continue to operate separately. (Remarks like that make one wonder if the deal will actually get done, considering Symantec's stock has lost 25% of its value because of it and doesn?t show any signs of getting it back.)

Anyway, integration teams are being set up under Veritas CFO Ed Gillis, who is responsible for overall planning and management.

PricewaterhouseCoopers has been hired to contribute to infrastructure planning and implementation and Bain & Company is supposed help with integrating customer-facing functions.

The internal teams are supposed to plan the sales, service and business development structure; outline lines of business and develop a technology roadmap; detail go-to-market plans; integrate support and support; and combine financial, infrastructure and legal,

Symantec turned in its fiscal Q3 results, which showed revenue up 41% to $695 million and earnings exceeding consensus at 24 cents a share.

About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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