In June 2020, network security firm Lastline was acquired by VMware, leading to significant layoffs as part of the integration process. Approximately 40% of Lastline's workforce, around 50 employees, were let go. The company, which had raised about $52.2 million since its 2012 founding, specialized in cloud-native threat detection services for network security. The acquisition aligned with VMware's strategy to enhance its security offerings for hybrid and multi-cloud environments, marking its third security purchase that year. The deal, expected to close by the end of July 2020, aimed to provide customers with more comprehensive security solutions but resulted in workforce reductions to streamline operations.
