Amid widespread economic uncertainty, Sophos is the latest company to reportedly lay off a sizable number of employees.
According to a statement provided to TechRadar Pro by the antivirus firm, “Sophos today announced an internal restructuring which has resulted in job losses and the start of consultation periods that potentially will affect 10% of our global employee base.”
According to reports, Sophos laid off a large number of employees because it wants to focus on its managed detection and response division, which is growing at a rate of 50% annually but which has not yet reached profitability.
Employment cuts at Sophos
Estimated layoffs of 450 workers may not seem as severe as Amazon’s planned reduction of 18,000 positions, but they still represent 10% of the company’s global workforce, which is near the upper end of the range whereby many tech firms have chosen to lay off between 5% and 10% of their headcounts.
Similarly, Salesforce has announced that at least 10% of its workforce will be let go due to the challenging macro environment, and some have speculated that CEO Marc Benioff may consider further cutbacks.
As the number of tech companies that are cutting back on staff grows seemingly every day, Microsoft has also confirmed widespread layoffs across its workforce.
This is a continuation of a storyline that unfolded in 2022, and while it seems like nothing good is going to come out of it, there are some encouraging signs.
According to ZipRecruiter’s findings, many people in the technology industry are quickly finding new jobs, and there are also more doors open for switching industries thanks to the demand for people with specific sets of skills.
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