San Francisco, Aug 15 (Ians) Cyber-security company SecureWorks has announced to lay off 15 per cent of its workforce, in its second round of job cuts this year.
In a regulatory filing with the US Securities and Exchange Commission (SEC), SecureWorks said that it would incur about $14.2 million in expenses due to the layoffs.
These expenses are anticipated to consist primarily of severance and other termination benefits, as well as real estate-related expenses.
“SecureWorks announced to employees a plan to reduce the company’s workforce by approximately 15 per cent and to implement certain real estate‑related cost optimisation actions,” it said in the filing.
The company’s CEO Wendy Thomas said there is the need to “simplify and scale our business and to deliver profitable growth”.
In February this year, SecureWorks, backed by Dell Technologies, had laid off about 9 per cent of the workforce globally as part of its restructuring
plans.
The...
In a regulatory filing with the US Securities and Exchange Commission (SEC), SecureWorks said that it would incur about $14.2 million in expenses due to the layoffs.
These expenses are anticipated to consist primarily of severance and other termination benefits, as well as real estate-related expenses.
“SecureWorks announced to employees a plan to reduce the company’s workforce by approximately 15 per cent and to implement certain real estate‑related cost optimisation actions,” it said in the filing.
The company’s CEO Wendy Thomas said there is the need to “simplify and scale our business and to deliver profitable growth”.
In February this year, SecureWorks, backed by Dell Technologies, had laid off about 9 per cent of the workforce globally as part of its restructuring
plans.
The...
- 8/15/2023
- by Agency News Desk
- GlamSham
San Francisco, Feb 8 (Ians) US-based cybersecurity company Secureworks, backed by Dell Technologies, has laid off about 9 per cent of the workforce globally as part of its restructuring.
According to Crn, Secureworks did not disclose the total number of workers affected by the layoffs.
The company last disclosed its workforce in a regulatory filing in March 2022 to 2,351 employees, and if its workforce size remains the same, the 9 per cent workforce reduction will affect more than 200 SecureWorks employees.
During its filing with the US Securities and Exchange Commission (SEC), the company said it is implementing the layoffs to “align its investments more closely with its strategic priorities”.
“Our business is evolving with our partners and customers in support of their security needs,” CEO Wendy Thomas wrote in a message to employees.
“This demands agile footing and a smaller, more focused team. We are forging a structure that emphasizes simplicity and agility, requiring...
According to Crn, Secureworks did not disclose the total number of workers affected by the layoffs.
The company last disclosed its workforce in a regulatory filing in March 2022 to 2,351 employees, and if its workforce size remains the same, the 9 per cent workforce reduction will affect more than 200 SecureWorks employees.
During its filing with the US Securities and Exchange Commission (SEC), the company said it is implementing the layoffs to “align its investments more closely with its strategic priorities”.
“Our business is evolving with our partners and customers in support of their security needs,” CEO Wendy Thomas wrote in a message to employees.
“This demands agile footing and a smaller, more focused team. We are forging a structure that emphasizes simplicity and agility, requiring...
- 2/8/2023
- by News Bureau
- GlamSham
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