NortonLifeLock Layoffs 2020: Cybersecurity Staff Cuts In California, Texas
NortonLifeLock, the rebranded Symantec consumer security business, will have layoffs in California and Texas while also shedding some office space, according to reports from both regions.
NortonLifeLock will shed roughly 100 employees in the San Francisco Bay Area, according to The San Francisco Business Times. Also, an additional 42 employees will be cut in Plano, Texas, by February 2020, according to Community Impact.
ChannelE2E has not independently confirmed the cuts. We’ve reached out to the consumer cybersecurity company for comment, and to potentially determine total headcount plans for 2020.
NortonLifeLock for Sale?
NortonLifeLock has been the subject of takeover rumors in recent months. Potential suitors could include McAfee and various private equity firms, according to December 2019 reports and September 2019 reports.
NortonLifeLock became a standalone business when its sister company, the Symantec enterprise business, was acquired by Broadcom. The enterprise security arm has also confirmed layoffs for fiscal 2020.
Although the Symantec and NortonLifeLock brands remain deeply entrenched in enterprise, small business and consumer settings, the various businesses faced pressure from cloud, mobile and next-generation endpoint security companies in recent years.