Malwarebytes Layoffs
August 2022
Malwarebytes announced a layoff affecting 125 employees (14% of its workforce) in August 2022. The company operates in the Security sector.
125
14%
Aug 17, 2022
About
In August 2022, cybersecurity company Malwarebytes laid off 125 employees, representing approximately 14% of its global workforce. The layoffs were part of a strategic reorganization aimed at refocusing the business on small to mid-sized business (SMB) and midmarket customer segments. According to founder Marcin Kleczynski, this shift involved revisiting the enterprise sales function and recalibrating the sales organization to prioritize channel partnerships and managed service providers. The company, which had raised $80 million in funding and was valued at $625 million, communicated the layoffs via individual Zoom meetings, with most cuts occurring in the San Francisco area.
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