Aqua Security Layoffs
December 2022
Aqua Security announced a layoff affecting 65 employees (10% of its workforce) in December 2022. The company operates in the Security sector.
65
10%
Dec 5, 2022
About
Israeli cloud security unicorn Aqua Security laid off 65 employees, representing 10% of its workforce, in December 2022. The company, which achieved a $1 billion valuation in 2021, cited changing market conditions and a need to focus on core activities for sustainable growth and profitability. This move reflects broader adjustments within the tech industry during that period, as the cybersecurity firm aimed to streamline operations while continuing to develop its cloud native security solutions.
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