Absolute Software Layoffs
April 2023
Absolute Software announced a layoff affecting 40 employees (5% of its workforce) in April 2023. The company operates in the Security sector.
40
5%
Apr 6, 2023
About
Absolute Software, a cybersecurity firm specializing in self-healing security solutions, implemented a restructuring plan on April 4, 2023, to reduce operating expenses. The company laid off approximately 40 employees, representing about 5% of its total workforce, and plans to reduce office space. This move is expected to incur non-recurring charges between $1.8 million and $2.8 million, primarily for severance and facility-related costs, with most actions to be completed by the end of its fiscal 2023 fourth quarter.
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