Malwarebytes Announces Major Restructuring
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Malwarebytes, a leading cybersecurity firm, recently announced the dismissal of 100 employees ahead of an impending company bifurcation, according to TechCrunch.
This decision follows a pattern from the previous year when Malwarebytes trimmed 14% of its workforce. The latest wave of layoffs occurred shortly after the departures of several top executives, including the company’s CPO, CIO, and CTO.
Online traces, such as an archived version of the company's leadership page and multiple LinkedIn posts, suggest these high-level positions have been eradicated and other employees have been affected. One ex-employee termed these layoffs as “a recurring unfortunate event.”
Confirming the recent dismissals, Malwarebytes CEO Marcin Kleczynski stated that around 100 to 110 individuals, primarily from the corporate sector, were laid off. He attributed these actions to "strategic reorganization," leading to the division of the company into two distinct business units.
The company's shift, which hadn’t been publicly disclosed before, will distinguish between consumer-focused services like VPN and identity protection, and enterprise-oriented solutions like endpoint detection. Further details on this restructuring are expected soon.
Kleczynski emphasized that the layoffs were a measure to streamline expenses, while ensuring the firm remains “healthy and profitable.” He went on to state, "A profitable business is a viable business.”
In recent times, other cybersecurity entities, like SecureWorks and Rapid7, also reported significant workforce reductions, further highlighting the industry's trend towards recalibration for profitability.
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