Checkmarx Layoffs
May 2020
Checkmarx announced a layoff affecting 0 employees in May 2020. The company operates in the Security sector.
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May 18, 2020
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Israeli cybersecurity unicorn Checkmarx is laying off dozens of its approximately 700 global employees as part of a restructuring following its recent $1.15 billion acquisition by private equity firm Hellman & Friedman. The layoffs, confirmed in May 2020, come just a month after the major exit and are attributed to the company's reorganization plans, which were delayed by the acquisition process and the COVID-19 pandemic. Operating in the application security industry, the company stated the changes are aimed at building a long-term, efficient model despite the broader economic shock, emphasizing that the shift to digital solutions presents future growth opportunities for its security business.
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