On July 1, 2022, Teleport, a cybersecurity infrastructure company, laid off 15 employees, representing just over 6% of its 230-person workforce. CEO Ev Kontsevoy cited the need to increase efficiency amid changing economic conditions and macroeconomic headwinds. The reductions primarily affected the Sales, Customer Support, and in-house recruiting teams as part of a strategic realignment to focus resources on core growth areas. Despite the layoffs, Teleport emphasized it remains well-capitalized, is not in a hiring freeze, and continues to innovate, offering severance and healthcare benefits to those impacted.
