FireEye plans layoffs as it cuts forecasts, misses sales target

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Chief Financial Officer Michael Berry told Reuters that the job cuts were part of a restructuring effort that will reduce annual costs by about $80 million.

He said the business was not growing as quickly as anticipated because of a revenue slowdown at its services division, which helps businesses respond to cyber attacks.

FireEye shares were down 16 percent at $14.07 in extended trading on Thursday.

(Reporting by Alan John Koshy in Bengaluru; Editing by Savio D'Souza)