Tufin Layoffs
August 2022
Tufin announced a layoff affecting 55 employees (10% of its workforce) in August 2022. The company operates in the Security sector.
55
10%
Aug 21, 2022
About
Israeli cybersecurity company Tufin laid off 55 employees, representing 10% of its workforce, in August 2022. The layoffs, which included 25 staff in Israel, were part of a streamlining effort aimed at accelerating the company's return to profitability. This restructuring occurred following Tufin's agreement to be acquired by U.S. investment firm Turn/River Capital for $570 million. The company, which provides cybersecurity policy management and automation solutions, reported growing revenue but continued losses prior to the cuts, indicating a strategic shift to improve financial performance under new ownership.
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