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Layoffs Hit Security Vendors Okta, Proofpoint, Netography

Prominent security vendors Okta and Proofpoint announced layoffs affecting almost 1,000 employees in the United States and Israel.

There appears to be no end in sight to staff cuts at cybersecurity vendors.

Just this week, prominent security software vendors Okta and Proofpoint announced layoffs affecting hundreds of employees while several startups including Netography trimmed staff to navigate economic headwinds.

Okta, an identity and access management mainstay, said in an SEC filing that it implemented a “restructuring plan” that includes pink slips for 400 full-time employees.  

The cuts, which represent about 7% of Okta’s workforce, is part of what the company says is a “commitment to profitable growth.”

Proofpoint, a private equity-owned email security vendor, also announced layoffs affecting about 280 positions globally, including at locations in Israel. 

SecurityWeek understands that US network security startup Netography also shaved staff, including the marketing department .

Related: SecureWorks Laying Off 15% of Employees

Related: Bankrupt IronNet Shuts Down Operations

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Related: Rapid7 Announces Layoffs, Office Closings

Related: Black Hat: The Business of Cyber Takes Center Stage

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