Cybereason Layoffs
March 2024
Cybereason announced a layoff affecting 0 employees in March 2024. The company operates in the Security sector.
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Mar 20, 2024
About
Cybereason, a cybersecurity company, is preparing for its third round of layoffs, cutting dozens of jobs. This follows previous rounds that saw hundreds of employees terminated, part of a significant reorganization and new strategic plan. The company, which once neared a $5 billion IPO in 2021, has since experienced a dramatic 90% drop in valuation to around $300 million, along with CEO resignation and effective takeover by main investor SoftBank. Founded in 2012, Cybereason has raised $850 million and competes with firms like Crowdstrike.
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