(Bloomberg) -- Symantec Corp., the biggest maker of cyber-security software, said it’s 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 24 cents to 26 cents a share on sales of $865 million to $895 million, Symantec said in a statement Thursday. That was mostly in line with the average analyst projection of 24 cents a share in profit on $876.2 million in revenue, according to data compiled by Bloomberg. Those predictions were reduced last month when Symantec cut fourth-quarter forecasts.
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