McAfee to lay off "small percentage" of its workforce

PanARMENIAN.Net - Intel Corp's McAfee security division is planning to lay off a "small percentage" of its workforce of about 7,100 employees, a company spokesman said, according to Reuters.

McAfee spokesman Ian Bain said he could not provide more information about the planned job cuts, which the world's No. 2 maker of anti-virus software said.

Makers are of security software for personal computers are struggling in the midst of a PC industry slump. They could face increased pressure after Oct 26, when Microsoft Corp launches its Windows 8 operating software, which will be bundled with free anti-virus software.

Symantec Corp, McAfee's bigger rival in the anti-virus software market, is in the midst of a strategic review begun in July by the company's new CEO, Steve Bennett, who took over in July after the board fired his predecessor.

Cris Paden, a spokesman for Symantec, said the company had no job cuts to announce.

"We evaluate conditions on an ongoing and regular basis and there are no plans as of right now," Paden said.

Intel Corp acquired McAfee, the world's second-largest security software maker, in Feb 2011 for $7.7 billion. The division had 7,072 employees as of June 30, according to Bain.

Intel is scheduled to release quarterly earnings on Oct 16, while Symantec plans to release its results on Oct 24.