Cyber-security company Sophos is laying off about 450 people globally including in India, which is 10 per cent of its workforce to achieve “the optimal balance of growth and profitability”.
The layoffs at UK-based Sophos were first reported by TechCrunch. However, the company did not reveal the exact figures. “Sophos announced an internal restructuring that has resulted in job losses and the beginning of consultation periods that may affect 10% of our global employee base,” a company spokesperson said. A growing emphasis on services such as “managed detection and response (MDR),” according to the cybersecurity firm, was one of the reasons for job cuts.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
