Cybereason Layoffs
June 2022
Cybereason announced a layoff affecting 100 employees (6% of its workforce) in June 2022. The company operates in the Security sector.
100
6%
Jun 1, 2022
About
Cybereason, an Israeli cybersecurity company, is laying off approximately 100 employees, affecting staff in its headquarters in Israel as well as offices in the U.S. and Europe. This reduction impacts about 6.7% of its global workforce of 1,500. The layoffs, reported in June 2022, come as the company, backed by investors like SoftBank's Vision Fund 2, had confidentially filed for a U.S. IPO earlier that year, aiming for a valuation exceeding $5 billion. Operating in the competitive cybersecurity industry, Cybereason provides AI-driven software for threat detection and ransomware protection. The move appears to be part of broader strategic adjustments within the tech sector, possibly to streamline operations ahead of its planned public offering.
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