Sophos is laying off about 10% of its global workforce, TechCrunch has learned. Sophos confirmed the layoffs in an email to TechCrunch. “Sophos today announced an internal restructuring which has resulted in job losses and the start of consultation periods that potentially will affect 10% of our global employee base,” said Jitendra Bulani, a spokesperson for Sophos. The company said the layoffs were to ensure the company achieves “the optimal balance of growth and profitability,” amid the ongoing and deepening economic global slowdown.
TechCrunch learned that about 450 people were let go during this round of layoffs, though Sophos would not confirm the exact number of affected employees. TechCrunch first learned of the layoffs after hearing of several employees in India who were let go. Some affected employees in the country were informed on Tuesday and asked to submit their resignations.
“Sophos is taking these steps for two main reasons: first, to ensure that we achieve the optimal balance of growth and profitability to support Sophos’ long-term success, which is particularly important in the midst of a challenging and uncertain macro environment; and second, to allocate our investments across the company to support our strategic imperative to be a market leader in delivering cybersecurity as a service.”
