- Sophos dismissed 6% of its workers to align the two companies
- He also blamed an evolutionary landscape of cybersecurity
- Both are deprived, marking a major change
A little more than a week after officially completing its acquisition of SecureWorks in an agreement worth $ 859 million, Sophos dismissed about 6% of its workers.
Post-fusion dismissals are the result of SecureWorks is no longer a public company, with additional jobs also reduced to prevent certain overlaps between the two entities.
Since Sophos would have had around 4,500 to 5,000 workers (per The register), the reduction in staff of 6% could equip around 300 positions.
Sophos poses 6% of workers
In addition to the effects of the merger, a spokesperson for the company also revealed that an evolutionary landscape of cybersecurity was to be blamed for certain job losses: “In addition to aligning our commercial objectives, changes in The cyber attack landscape lead to an urgent change in security needs.
“With persistent increases in targeted and opportunistic cyber attacks, organizations of all types and size now fight both daily cybercrime, such as identity theft, data theft and ransomware, and state -sponsored attacks , which were more focused on specific target companies or audiences in the sector. »»
This is not the first time that the company has dismissed workers – generalized technological layoffs induced by the pandemic in 2023 have seen Sophos say goodbye to 10%, or 450, or its workers during the first month (via the dismissals.fyi).
The register Note that, in this year’s layoffs, workers have lost their jobs as sophos and secureWorks, and that they were treated “as well as possible”. No details were shared regarding the redundancy packages.
The most recent revenues in SecureWorks amounted to $ 288.8 million, up 4% in annual shift, CEO Wendy Thomas revealing a 30% increase in ransomware groups compared to the previous year.
Now that it is private, we will have no concrete idea about the performance of the company, much like that of Sophos, which was taken by the Thoma Bravo Investment Company in 2020 for 3.9 billion dollars. The cybersecurity giant McAfee was also acquired by Thoma Bravo in 2021 for $ 14 billion – the cybersecurity portfolio of the investment capital company is now worth $ 54 billion.
