Malwarebytes lays off 100 employees ahead of business split
Reading Time: < 1 minutesThe layoffs come almost exactly a year after Malwarebytes eliminated 14% of its global workforce.
An archived version of the Malwarebytes leadership page shows that these positions no longer exist at the company. Multiple posts on LinkedIn showed that a number of additional employees were laid off this week. One former Malwarebytes employee described the layoffs as ‘an unfortunate annual tradition.’
Kleczynski said the layoffs were part of a plan to separate the company into two separate business units, but denied that it planned to sell any part of the business.
Full details of the split have not yet been finalized but will be announced in the coming weeks.
‘A profitable business is a viable business.’ Kleczynski said.
Malwarebytes isn’t the only cybersecurity company to make layoffs in recent months. Earlier this month, SecureWorks announced plans to let go of 15% of its workforce in order to deliver ‘profitable growth,’ and Rapid7 also confirmed it was laying off 18% of its global workforce, affecting more than 400 employees.
Reference: https://techcrunch.com/2023/08/31/malwarebytes-layoffs-business-split/
Ref: techcrunch
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