Thread regarding McAfee layoffs

Good/bad move?

Unfortunately, it will certainly bring layoffs, but I am interested in what you think about the sale of enterprise business to Symphony? Is it a good move for McAfee or yet another debacle? I wonder what the results of this move will be, apart from the layoffs. I don’t see anything good coming out of it, correct me if I’m wrong.

by
| 2249 views | | 2 replies (last )
Post ID: @OP+19LCJPaI

2 replies (most recent on top)

"unless you're a large shareholder" - mean like Peter Leav?

The last statement of ownership from McAfee I saw was Oct 2020, and had him outright owning 1.96 million shares between vested RSU and direct issued common stock. In short, the $4.50 dividend from this little venture is going to land him over $8.8-million, without selling a single share. All he had to do for it was have Team-Peter play chess with a few thousand people's lives.

All in all, not a bad pay day. Good work if you can get it.

by
|
Post ID: @1ngw+19LCJPaI

And those jobs in the back office that support both consumer and enterprise. The business is trying to put positive spin on it but I can't see any positives, unless you're a large shareholder.

by
|
Post ID: @rvt+19LCJPaI

Probably bad for both sides. Good short term, but bad long term.

I am wondering what will happen to

  • people working for Consumer but reporting to Enterprise
  • people working for Enterprise but reporting to Consumer

I am one of those people, probably going to get chopped soon.

by
|
Post ID: @wkx+19LCJPaI

Post a reply

: