McAfee has laid off 200 employees, or about 4 percent of its workforce, amid rumors that private equity firm Thoma Bravo wants to buy the security company.
First reported by The Information, the job cuts hit departments across the company, including sales, engineering, finance, and human resources. Several senior sales executives, including Bill McAlister, senior vice president of sales for the Americas, have also left.
“It’s brutal over there,” one person with knowledge of the cuts told The Information.
McAfee did not immediately respond to SDxCentral’s request for comment.
Both McAfee and Symantec have lost market share to newer security vendors like Cylance (recently purchased by BlackBerry for $1.4 billion), CrowdStrike, and Carbon Black in recent years. Symantec also recently cut about 900 employees, or 8 percent of its global workforce, amid declining enterprise sales.
The job cuts and the buyout rumors are yet another sign that both of the older security vendors are struggling to shed their reputations as a legacy firewall vendors and boost their cloud-security clout with enterprise customers.