Arete IR, a Florida-based cybersecurity incident response firm, has laid off an unspecified number of employees, citing current economic conditions. While the company disputes a report claiming 90 job cuts, or roughly 25% of its workforce, it confirmed the layoffs were necessary for continued business growth. This move reflects a broader trend among later-stage cybersecurity startups, which are reducing expenses amid market instability and a stalled IPO environment. Arete, founded in 2016 and employing around 439 people, asserts that service quality for clients will remain unaffected.
