Intel's McAfee security plans layoffs

Intel Corp's

McAfee spokesman Ian Bain said he could not provide more information about the planned job cuts, which the world's No. 2 maker of anti-virus software disclosed in response to an inquiry from Reuters.

Makers are of security software for personal computers are struggling in the midst of a PC industry slump. They could face increased pressure after October 26, when Microsoft Corp

McAfee division to face layoffs

Symantec Corp

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Cris Paden, a spokesman for Symantec, said the company had no job cuts to announce.

"We evaluate conditions on an ongoing and regular basis and there are no plans as of right now," Paden said.

Intel Corp acquired McAfee, the world's second-largest security software maker, in February 2011 for $7.7 billion. The division had 7,072 employees as of June 30, according to Bain.

Intel is scheduled to release quarterly earnings on October 16, while Symantec plans to release its results on October 24.

Reuters