immune

The cybersecurity sector was once largely untouched by the vast headcount reductions taking place across the wider industry, but 2023 shows no sector is immune. But it’s clear that cybersecurity firms are no longer exempt from layoffs, despite a strong workforce and an ever-increasing number of cyberattacks and breaches. According to data from layoffs tracker Layoffs.fyi, more than 110 cybersecurity companies have made cuts since the beginning of 2023. The layoffs came almost exactly a year after Malwarebytes eliminated 14% of its global workforce. While many cybersecurity firms blamed economic headwinds for reductions in headcount, Malwarebytes CEO Marcin Kleczynski told TechCrunch that the layoffs were an exercise in rationalizing expenditures.