Sophos is the latest company to report that it has laid off large numbers of workers in the face of global economic uncertainty.
“Sophos today announced an internal restructuring that has resulted in job losses and the start of advisory periods that will potentially affect 10% of our global employee base,” AntivirusThe company stated TechRadar ProIn the current situation.
Sophos cited the “optimal blend of growth and profitability” as the main reason for many of its employees being fired. Now, it is looking to focus its attention on managed detection and response, which it claims is growing at 50% per year.
Although 450 employees might not seem like a drastic reduction as Amazon’s plans for 18,000 job cuts, it is 10% of Amazon’s global workforce. This is higher than many tech companies that have cut between 5% and 5%. 10% of their workforce.
Sophos isn’t the only one facing the challenges of a tough macro environment. Salesforce has already confirmed at least 10% of its workforce will be departing, with some speculated that Marc Benioff may make further cuts.
Microsoft does it too It confirmed massive layoffs across its workforceTechnology companies are experiencing more layoffs every day.
This is the continuation of a similar story from 2022. However some reports indicate that it’s not all bad.
ZipRecruiter discovered that many tech workers find it very easy to rehire. However, there are other opportunities for career advancement as different companies look for highly-skilled employees.
TechRadar Pro I asked Sophos for more information on the news. A spokesperson for the company told us:
“We are particularly sorry for those who will be leaving, and we are committed to providing financial support, welfare assistance and appropriate career transition services, where possible, to all departing staff.”
via Techcrunch(Opens in new tab)
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