February 4, 2024 at 10:42AM
Cybersecurity vendors, including Okta and Proofpoint, continue to implement staff cuts this week. Okta plans to lay off 400 full-time employees, representing 7% of its workforce, as part of a “commitment to profitable growth.” Similarly, Proofpoint and Netography also announced layoffs, while others, like SecureWorks and IronNet, have faced similar challenges.
Based on the meeting notes, the key takeaways are:
– Staff cuts at cybersecurity vendors, such as Okta, Proofpoint, and Netography, have been announced, affecting hundreds of employees.
– Okta’s restructuring plan includes pink slips for 400 full-time employees, which represents about 7% of its workforce.
– Proofpoint, a private equity-owned email security vendor, is also implementing layoffs affecting about 280 positions globally, including locations in Israel.
– Netography, a US network security startup, has also reduced its staff, including the marketing department.
These notes reflect a trend of staff reductions across cybersecurity vendors, likely due to economic headwinds and a focus on profitable growth.