A slowing financial system and a strategic push into the cybersecurity providers market had been reportedly behind a call to chop some 450 jobs at Sophos.
Although stories have not confirmed the precise variety of layoffs at Sophos, an organization spokesperson, Jitendra Bulani, informed TechCrunch the restructuring may probably affect as a lot as 10% of the worldwide Sophos workforce.
“Sophos is taking these steps for 2 important causes: first, to make sure that we obtain the optimum stability of progress and profitability to assist 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 assist our strategic crucial to be a market chief in delivering cybersecurity as a service,” Jitendra mentioned.
Sophos was acquired by Thoma Bravo for $3.9 billion in March 2020.