Symantec Corp. late Thursday said it was cutting 10% of its workforce in an effort to restructure the company. The computer security company said it plans to shed 1,200 jobs and close certain facilities at a cost of $230 million to $280 million. As a result, Symantec said it expects to reduce expenses by an estimated $400 million a year. Earlier Thursday, Symantec reported first-quarter results in-line with its recent profit warning and released an outlook for the year. Symantec shares declined 0.7% to $16.79 after hours.
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