Layoffs intended to cut costs, help company shift its focus on cybersecurity services, Sophos says.

Dark Reading Staff, Dark Reading

January 18, 2023

1 Min Read
Sophos logo
Source: imageBROKER via Alamy Stock Photo

A slowing economy and a strategic push into the cybersecurity services market were reportedly behind a decision to cut some 450 jobs at Sophos.

Although reports haven't confirmed the exact number of layoffs at Sophos, a company spokesperson, Jitendra Bulani, told TechCrunch the restructuring could potentially impact as much as 10% of the global Sophos workforce.

"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," Jitendra said.

Sophos was acquired by Thoma Bravo for $3.9 billion in March 2020.

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Dark Reading Staff

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