Thread regarding McAfee layoffs

Divestiture of Enterprise Business

Wondering if more layoffs will come as a result of this?

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| 2547 views | | 6 replies (last )
Post ID: @OP+19L7dJVd

6 replies (most recent on top)

Stranded costs =/= layoffs, do your research. Those are the expenses McAfee will pay to make the divestiture happen, ie. Deloitte consultants, law firms, filings and registrations, new offices leases, etc.

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Post ID: @13cxc+19L7dJVd

The simple answer is yes, Symphony Technology Group purchased RSA a while ago. Have a read on the thelayoff.com/rsa thread. Get out while you can!

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Post ID: @cly+19L7dJVd

From the press release:

"McAfee also expects to pay approximately $300 million in additional one-time separation costs and stranded cost optimization, a portion of which will be expenses paid by proceeds from the transaction. "

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Post ID: @mto+19L7dJVd

Here we go again. Whilst positive news for the shareholders no doubt this will be negative for the remaining employees, particularly those in backfire roles, the constant org changes, of which a major one just finished and now another one.

The mental fatigue working for mcafee is dire.

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Post ID: @cgl+19L7dJVd

Don't wonder. McAfee is in the news; sooner or later a layoff will be involved. This group of elitist pinheads only know how to do two things: fire people and sell off their company in pieces. Awhile back someone pointed out how no one on that executive staff was remotely well-versed in innovation of Enterprise solutions and new markets. Problem solved: sell that off and you're done.

Here's the real question. What are the odds the apportionment of the felonious executive staff for Enterprise-anything that has mismanaged this fiasco over the last five years is going along for the ride to STG ? Obviously a certain portion will pull the rip chords, cash in their millions, and pat themselves on the back for a ... "job" well done. But what about the others? If STG has any sense they'll usher them all to the door. They canned everyone to schill the buyer into believing the cost-of-goods is less than it really was; sort of the anti-David DeWalt strategy (spending a ton of money on acquisitions to make the combined revenue stream appear larger than it really was).

Someday people will stop buying this c-ap. If McAfee is in the transaction, consider it banjo music: paddle faster.

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Post ID: @sri+19L7dJVd

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