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Symantec today announced that it will soon, to accord to it’s wage bill by 4.5%, will LET GO off hundreds of employees.

Symantec’s fiscal report till October, state revenues of $1.52billion but it expected $1.54billion.

Symantec’s CFO, James Beer also mentioned that the company needed to outsource it’s IT and financial management division to cut down more costs, so as to resist the company from being sucked along with this current economic crunch prevailing in the world.

[via TheRegister]