Exabeam, a cybersecurity company, announced a business restructuring on October 25, 2023, resulting in layoffs of approximately 20% of its global workforce. The reduction, affecting employees and contractors across all departments and geographies, was attributed to the need for operational efficiency and financial health amid challenging global macroeconomic conditions. The company emphasized its continued commitment to AI-driven security operations innovation while expressing gratitude to departing employees for their contributions to its market leadership.
