It’s amazing to me that at a time when cybersecurity is more important than ever, Mcafee does business the way it does. Due to the lack of transparency of this company, I still do not know the scale of the cuts, but I assume that the measures taken are more than aggressive. I just wonder if the layoffs are again dealt to the best and most talented?
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"They are moving some of ther engineering to india" - that is the the grossest understatement of epic proportions I've seen in two decades.
Three years ago McAfee reported over 9000 employees worldwide. With this round of cuts they have less than 6000 now. If you think, during that run, India saw a head cut equitably shared with the rest of the company, I have some swamp land in Florida for sale. A half-dozen geo-locations have been obliterated in the last three years; several shuttered outright. Those not-India remaining are holding on for dear life. Some very talented people are already networking and shopping their resumes to get off this merry-go-round with their dignity intact. The only thing stopping an immediate attrition spike is concern for fellow engineers. If one still has a job, it becomes morally challenging to shop your talents to the next bidder at a time when those that were just severed around you will soon be fighting to make their home payments and put food on their table. At least for awhile.
This isn't over; not by a long shot. The company-instigated layoffs may have stalled for awhile; if history has taught us anything, they'll be back soon enough. But, if you think that stall will end the exodus, think again. First are the people with no choice; then come the people McAfee wanted to keep around awhile longer. We're barely into the first part. Watch this space.
Not sure why it was down voted so much but the comment about poor decisions from dinosaur executives is spot on! McAfee let two products slip right through their fingers because of incompetence and lack of vision; Cylance and Tanium. Also, signature based detections are a relic from a time that has long sense passed. McAfee’s ATP module is a step in the right direction but that should have been brought to market YEARS ago but dinosaurs are gonna dinosaur.
If the buyer is interested in cloud then why did they lay off 60% of their cloud employees?
Once, Craig Barrett told employees at Intel, "You can't save your way out of a recession. You need to invest and be ready when the market recovers." Too bad we don't have Craig around any more.
RIP McAfee. 1987-2021
Sad to see it sold off for parts.
They are moving some of ther engineering to india, but they are not k–ling the products. This would make sense dev resources are cheaper there. sOme product may affected but not the end of them, and their developing focus on cloud make sense but not to sell it.
McAfee has a buyer that is only interested in cloud, endpoint management, and their massive customer base.
They are just customizing the company for the buyer - which means, getting rid of everything else.
There is no McAfee anymore.
If you work there, look for a job.
In my opinion, many of the names internally that I’ve seen who have been impacted by this wipeout were 100% a barrier to advancing important activities at McAfee
People who were at the company far too long, we’re not good at their jobs in general, and didn’t have the knowledge to justify competency in their role. This is true at all levels, from senior management level down to engineers - what the modern McAfee requires has simply passed a lot of people by for many years now. It was the correct decision.
Quality over expensive heads.
They think they'll save the day by moving everything to India where labor is twice as cheap as in Argentina and 10 times then in the US. Many tried before very few succeeded.
Given what I know, aside from Argentina, it is many of the older and more expensive people. Heavy US. You have to wonder if they are planning to sell enterprise for parts. When will they learn you don’t grow via cuts?