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Network Associates trims staff

The security company lays off about 10 percent of its 1,800 employees as part of an across-the-board restructuring.

    On the heels of a major acquisitions binge, Network Associates (NETA) has laid off about 10 percent of its 1,800 employees as part of an across-the-board restructuring, the company said.

    All 180 employees were notified early this week, according to a Network Associates spokeswoman who asked not to be named. She said that the five mergers the firm has entered into over the last several months have created redundancies, particularly in administrative positions. The company will also close an office located in Herndon, Virginia, she added.

    Network Associates is the company that resulted from a merger last year between McAfee and Network General. It has since acquired Pretty Good Privacy, Helix Software, Trusted Information Systems, and Magic Solutions.

    As the company ramps up products for detecting and thwarting computer viruses and network attacks, as well as software for securing email and encrypting sensitive information, Network Associates plans to hire about 1,000 new employees, mostly in sales and support, the spokeswoman noted.