Israeli cloud security unicorn Orca Security is laying off approximately 60 employees, which represents about 15% of its total workforce of around 430 people. The layoffs, announced in early January 2024, affect staff in Israel and globally, including offices in London, Portland, and Bangkok. The company, valued at $1.8 billion, stated it is restructuring and may offer some affected employees alternative positions within the firm. This move comes amid a competitive cybersecurity landscape where Orca is currently engaged in a high-profile patent infringement lawsuit against rival Wiz.
