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Veritas lays off a third of its sales staff – merry Christmas, everyone!
Let's hope it protects your information better than it protects its own jobs
Veritas has axed 30 percent of its sales staff in the US and Europe, The Register has learned.
The data security biz was spun out of Symantec and entered private ownership just after the turn of the year. The company is based in Mountain View, California, and employs about 7,000 people.
We asked Veritas about this festival round of redundancies, and here's what a spokesperson said:
Veritas became an independent company in February 2016. Since then, the company has set a clear and aggressive vision for enterprise data management. To continue acceleration of this vision and help customers extract value from their data, Veritas leadership has evaluated our business and developed a new structure.
Unfortunately, this process has resulted in a number of difficult but necessary organizational changes. We regret the impact this has on Veritas employees. The company is offering severance benefits and outplacement services to make this transition as smooth as possible and help impacted employees find new opportunities.
Veritas holds ourselves accountable to our customers to deliver our best solutions to the market and ensure that the company remains competitive. We continually review all aspects of our business and make adjustments based on opportunity and growth.
This is a pivotal time for the company and we are confident we will continue to deliver the right outcomes for our employees, customers and partners.
That's a yes, then. Veritas is about data protection and not job protection. Merry Christmas, pink slip recipients. ®