Intel's McAfee to lay off employees

As far back as August 2010, Intel made an announcement that is was planning to purchase McAfee for $7.68 billion. Intel’s reasoning? To integrate security into its hardware strategy. The deal was completed in February 2011.

It’s being reported that out of the 7072 employees (as of June 30th), a “small percentage” of them will be made redundant. McAfee spokesman Ian Bain made the announcement on Monday, stating that no other information would be provided around the planned job cuts.

Security software makers have been struggling of late, not least thanks to an on-going slump in PC sales, an increasing focus on more secure software products and increased competition from equally capable free solutions. They may start to feel the pinch even more when Windows 8 is released on October 26th; Security Essentials functionality is built into Microsoft’s latest OS under the Windows Defender moniker.

McAfee’s main rival, Symantec are also going through their own period of transition, following the sacking of their CEO in January, beginning a strategic review on the appointment of Steve Bennett into the position. Symantec spokesman Cris Paden has said:

We evaluate conditions on an ongoing and regular basis and there are no plans [for job cuts] as of right now.

Intel will release its quarterly earnings on October 16th. McAfee are currently the number two maker of anti-virus software.

Source: Reuters | Image via Flickr

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11 Comments

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At least Norton focused on performance in version 2009 and got out of the **** hole they were in. Their AV is now actually quite good. McAfee on the other hand........

McAfee also had a huge gaffe in August when they pushed out an automatic update containing a bug. The bug caused customers' PCs to disconnect from the internet and then remain disconnected until the bug was fixed. My problem with it (besides having my laptop locked off the internet for a week and having no idea why) was that they knew about the bug and didn't attempt to notify customers that they had made a mistake and how to fix it. Instead, with the help of my computer-whiz brother, I had to wade through event reports on my PC until I came across a series of errors related to McAfee. I uninstalled McAfee and my computer reconnected to the internet within seconds. Then I went to their website, THAT'S where there was a bulletin regarding the bug, but how would average customers know to check there, especially if they can't connect to the internet?! They should've emailed customers to let them know as soon as they realized what they had done. Anyway, that was it for me; I cancelled my subscription and switched to MS Security Essentials. Don't know how many McAfee customers that bug affected, but I know the same thing happened to my dad's laptop. Regardless, I do feel for those that will lose their jobs in the upcoming reorganization. =(

Edited by bulsaras, Oct 9 2012, 3:12pm :

Thats not good of the american job market. I dont feel McAfee is all that bad as others seem to think. It is way better than Security Essentials if you feel like paying up. Same cannot be said for Norton, it is wrose than an actual virus like others have stated.

7.8%? How many large companies this month stated that they were going to have huge layoff's? This is like the 3rd that I remember reading.

notta said,
7.8%? How many large companies this month stated that they were going to have huge layoff's? This is like the 3rd that I remember reading.

Norton has come a ways since 2000. But I'd definitely rather have nothing

Lord Method Man said,
I think I'd rather have an actual virus on my PC than a McAfee or Norton product.

I used to think same but not anymore after I have used (trial versions) Norton AV (2011 & 2012) they are all super lite and fast with bare minimum impact.

Yeah! competivity is the world, but also over charging for fixing stuff make people thinking. I use to have Norton security on a desktop, but no more! ms security essential works fantastically for free, and I am pretty good myself at removing virus(learned how to)and I am saving a lot of money. No mistery here.

Ralez01 said,
Yeah! competivity is the world, but also over charging for fixing stuff make people thinking. I use to have Norton security on a desktop, but no more! ms security essential works fantastically for free, and I am pretty good myself at removing virus(learned how to)and I am saving a lot of money. No mistery here.
ye we all gotta love Microsoft for venturing into markets where they know theywont get any profit, dont care for any profit and push the companies that desperatly need profit in those markets to survive
Might be a bit dirty, but in this AV case i surely support it, 2 decades of horrible...horrible AV software made me so incredibly mad and wasted countless hours of my (valueless) time.
If anyone knows what should be in their OS and what not, its MS