* Company lays off about 250 employees
* Rival Symantec's workforce stable
* McClure replaces George Kurtz as worldwide CTO
By Jim Finkle
Dec 6 Security software maker McAfee laid off
about 250 workers, equivalent to 3 percent of its workforce, in
a bid to focus on core businesses and improve efficiency in a
market led by rival Symantec .
"In order to better prepare the company for growth in 2012
we have made the difficult decision to reduce a small
percentage of our global workforce," McAfee spokesman Ian Bain
told Reuters on Tuesday.
Intel Corp acquired McAfee, the world's second
largest security software player, in February in a $7.7 billion
deal meant to help the world's top chipmaker make its customers
safer from hackers.
Bain said the job cuts were in areas that will not be part
of McAfee's core focus next year. But he would not say what
those areas are.
Expectations for software security companies have risen in
the wake of high-profile attacks on Google Inc ,
Lockheed Martin Corp and Nasdaq OMX Group Inc .
Intel Chief Financial Officer Stacy Smith told investors in
October the integration of McAfee had gone well and that the
new business had a strong third quarter.
McAfee is operated as a subsidiary of Intel and an Intel
spokeswoman said the layoffs were planned by McAfee's
In October, Symantec CEO Enrique Salem told analysts on a
conference call that disruption to McAfee's business following
its acquisition by Intel was helping Symantec across various
Symantec spokeswoman Nicole Kenyon told Reuters on Tuesday
there have been no recent layoffs at Symantec and that none
were immediately planned.
She declined to say whether Symantec was on track to meet
its sales targets, saying the company does not comment on
earnings projections in the middle of the quarter.
Also on Tuesday, McAfee named Senior Vice President Stuart
McClure as its worldwide chief technology officer, replacing
one of several executives who left after the company's sale to
McClure has been with McAfee since 2004, when it acquired
Foundstone, a cyber security services company that he
co-founded. He is a prominent expert on hacking and author of
the book "Hacking Exposed: Network Security Secrets &
He succeeds George Kurtz, who recently left McAfee to start
his own company with help from private equity firm Warburg
McClure earlier this year recruited an elite squad of
hacking experts to work for McAfee on a team known as TRACE
that he charged with figuring out ways to break into high-tech
gear including heart pacemakers.
McAfee disclosed that Kurtz was leaving in October, when it
also announced the departure of Vice President Dmitri
Alperovitch, a highly regarded threat researcher whose work at
the company help give it a reputation for conducting
cutting-edge research on hacking.