Following a similar move by HP this week, Symantec makes public that it will split into two companies, one for security and one for information management.
The company is allegedly pondering a separation, with one company devoted to security and another focused on storage, reports Bloomberg.
Symantec's widely used and much maligned line of Norton security suites will get a major overhaul in September.
Chinese officials no longer approve the use of the two antivirus software vendors, according to reports.
Board member Michael Brown will serve as interim CEO while maker of Norton antivirus software hunts for its second chief executive in two years.
Security firms and Google reported DOS attacks on Web sites of Vietnamese activists.
The security firm is confronting the ZeroAccess botnet, which is likely to have more than 1.9 million slave computers at its disposal for click fraud and bitcoin mining.
Ever feel insecure (when it comes to the safety of your devices that is)? This week's prize, a software suite from Symantec, brings Norton's protective powers to a bunch of gadgets at once.
The security solutions provider is cutting about 1,000 positions this month, and another 700 in July, according to a report. The company calls those numbers "pure speculation" but doesn't share its own figures.
From critical exploits to the tiniest bug, many security holes receive a tracking number through the US government. The system is being revamped to handle the ever-growing number of bugs, but the cure could create problems of its own.