NCC Group

In August 2023, UK-based cybersecurity giant NCC Group confirmed it was undertaking a second round of layoffs within six months, following a previous cut of 125 employees (7% of its workforce) announced in February. The company described the latest reductions as affecting a "relatively small number" of colleagues, primarily in North America, and attributed the move to changing market dynamics and a renewed global strategy. This placed NCC among several cybersecurity firms, like Rapid7 and HackerOne, making workforce adjustments amid broader industry pressures. The exact number of employees impacted in this round was not disclosed.

In February 2023, British cybersecurity firm NCC Group announced plans to reduce its global workforce by 7%, affecting over 125 employees. The company, which employs around 1,800 people and is listed as an FTSE Mid Cap firm, cited challenging market conditions and delays in revenue recognition, particularly in the UK and North America, as key reasons for the layoffs. The job cuts, largely focused in those regions, are part of an ongoing strategic review and are expected to incur a one-off implementation cost of £4 million. Despite reporting strong first-half earnings growth, the company adjusted its annual outlook to anticipate single-digit revenue growth.