- Sofos has fired 6% of its workers to align the two businesses
- You are also blaming a cybersecurity landscape in evolving
- Both are privately owned, marking an important change
Just over a week after he officially completed his acquisition of Secureworks in an agreement worth $ 859 million, Sofos has fired about 6% of its workers.
The dismissals subsequent to the merger are the result that Secureworks is no longer a public company, and some additional works are also cut to avoid certain overlays between the two entities.
Since it is estimated that Sophos has had around 4,500-5,000 workers (by The registration), The reduction of the 6% account could be equivalent to around 300 positions.
Sophos lay 6% of workers
In addition to the effects of the merger, a company spokesman also revealed that a evolutionary cyber security panorama was to blame for some employment losses: “In addition to aligning our commercial objectives, changes in the cyber panorama are promoting a change urgent in safety needs.
“With persistent increases in directed and opportunistic cyber attacks, organizations of any kind and size are now fighting both cybercrime, and identity theft, data theft and ransomware, and attacks sponsored by the state, which used be more focused on specific or public companies or public targets of the sector “.
It is not the first time that the company dismissed the workers: technological layoffs induced by the pandemic in 2023 saw Sofos say goodbye to 10%, or 450, or its workers in the first month (through layoffs. Fyi).
The registration He informs that, in the dismissals of this year, the workers lost their work as Sofos and Secureworks, and that they were handled “as is possible.” No details have been shared regarding redundancy packages.
The most recent revenues of Secureworks quarter were $ 288.8 million, 4% more year after year, and CEO Wendy Thomas revealed a 30% increase in ransomware groups compared to the previous year.
Now that it is private, we will not have a concrete idea about the company’s performance, very similar to that of Sofos, which was collected by the private capital firm Thoma Bravo in 2020 for $ 3.9 billion. The McAfee cyber security giant was also acquired by Thoma Bravo in 2021 for $ 14 billion: the cyber security portfolio of the private capital firm is now worth $ 54 billion.
