Fortinet, a leading cybersecurity vendor based in Sunnyvale, California, has conducted layoffs affecting employees in sales, business development, and channel partner roles. While the exact number of impacted workers is not specified, the cuts come amid broader industry downsizing and follow Fortinet's lower-than-expected earnings for the quarter ending June 30. The company, which reported having 13,677 employees and contractors as of that date, attributed the sales decline to enterprise customers postponing deals due to economic uncertainty. Affected individuals, including channel development specialists and managers, shared news of the layoffs on LinkedIn in August 2023, highlighting reductions in key teams that support Fortinet's entirely channel-driven sales model.
