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Symantec Layoffs Impact Nearly 240 Workers In California, Oregon

Symantec indicated that 213 people would lose their jobs at California offices in San Francisco, Mountain View and Culver City, with the remaining 24 layoffs coming at a facility in Springfield, Ore.

Symantec plans to cut nearly 240 jobs across four sites in California and Oregon as part of a $100 million restructuring plan announced last month.

The Mountain View, Calif.-based cybersecurity giant indicated that 213 people would lose their jobs at offices in San Francisco; Mountain View; and Culver City, Calif., with the remaining 24 personnel cuts coming at a facility in Springfield, Ore., according to Worker Adjustment and Retraining Notification (WARN) filings.

Some 231 of the layoffs will be effective Oct. 15, while the remaining seven workers were terminated Aug. 16, according to WARN notices. The cuts come just a month after Symantec unveiled plans to sell its enterprise security business to semiconductor manufacturer Broadcom for $10.7 billion.

[Related: Private Equity Firms Eye $16.4B Buy Of Symantec Consumer Unit: Report]

"Layoffs are expected to be permanent," Symantec wrote in a Aug. 20 letter to state and local officials in Oregon. "None of the affected employees are represented by a union, and no bumping rights exist."

The Oregon layoffs primarily impact people in sales operations, sales support, software engineering, project management and various other positions, according to Symantec's letter. The California layoffs, meanwhile, primarily affected tech jobs such as software engineer and software development engineer, as well as some middle-management positions, according to The Mercury News .

The notice date for Symantec's first round of California layoffs was July 15 and second (and much larger) round of California layoffs was Aug. 20. Symantec didn't immediately respond to a request for comment.

On the same day the Broadcom acquisition was announced, Symantec unveiled a $100 million restructuring program (its second in two years) that includes a 7 percent reduction in headcount as well as the closure of certain sites. The job reduction and site closures are expected to be mostly done by the completion of the company's fiscal third quarter.

Symantec had 12,000 employees as of August and expects to get down to 10,000 employees for both its enterprise and consumer segments as part of the reorganization plan, CFO Vincent Pilette told investors last month. The headcount reductions will include people who have been instrumental in making the deal with Broadcom happen, Symantec CEO Richard Hill told investors in August.

The company expects to have 2,500 employees as part of its consumer business after the sale of the enterprise security business to Broadcom closes, Pilette said at the time.

Symantec's consumer business could also change hands, with The Wall Street Journal reporting earlier this month that private equity firms Permira and Advent International are looking to team up and buy the $2.41 billion division. The transaction would value Symantec's consumer unit at between $26 per share and $27 per share, and wouldn't affect the sale of the enterprise security business to Broadcom.

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