A slowing financial system and a strategic push into the cybersecurity companies market had been reportedly behind a choice to chop some 450 jobs at Sophos.
Though reviews have not confirmed the precise variety of layoffs at Sophos, an organization spokesperson, Jitendra Bulani, advised TechCrunch the restructuring might doubtlessly affect as a lot as 10% of the worldwide Sophos workforce.
“Sophos is taking these steps for 2 foremost causes: first, to make sure that we obtain the optimum steadiness of development and profitability to help Sophos’ long-term success, which is especially essential within the midst of a difficult and unsure macro setting, and second, to allocate our investments throughout the corporate to help our strategic crucial to be a market chief in delivering cybersecurity as a service,” Jitendra stated.
Sophos was acquired by Thoma Bravo for $3.9 billion in March 2020.
