Connect with us

Hi, what are you looking for?


Management & Strategy

SecureWorks Laying Off 15% of Employees

Threat detection and response firm SecureWorks is laying off 15% of its staff (roughly 300 people) in the second round of firings this year.

SecureWorks layoffs

Threat detection and response firm SecureWorks is laying off roughly 15% of its staff, in the second round of firings announced by the company this year.

The plans were announced in an SEC filing, with employees being notified starting August 14. In addition, the company revealed that it’s implementing “certain real estate‑related cost optimization actions”.

“Under the Plan, the Company intends to rebalance investments cross-functionally in alignment with the Company’s current strategy and growth opportunities, such as focusing on the higher value, higher margin Taegis solutions, optimizing the Company’s organizational structure to increase its scalability, and other priorities, to better position the Company for continued growth with improving operating margins over time,” SecureWorks said.

Severance and other termination benefits, as well as expenses related to real estate are expected to total approximately $14.2 million.

The layoffs will impact people in the US, UK, Japan, India, Australia, the Middle East, Romania and other European countries. 

In a memo sent to employees on Monday, SecureWorks CEO Wendy Thomas said the goal is “to simplify and scale our business and to deliver profitable growth”.

This is the second round of layoffs at SecureWorks this year. In February, it announced terminating roughly 9% of its workforce — or approximately 200 employees — in an effort to cut costs.

Advertisement. Scroll to continue reading.

At the time, the company said it had 2,149 full-time employees. This indicates that the latest round of firings impacts roughly 300 people. 

SecureWorks’ announcement comes just days after Rapid7 announced an 18% reduction in employee headcount and the closing of some offices as part of restructuring plans. Roughly 500 people could be impacted. 

Also this month, the bug bounty platform HackerOne said it would terminate up to 12% of its 450 employees as part of what the company’s CEO, Marten Mickos, described as a “one-time event”.

Other major cybersecurity firms that announced layoffs this year include Dragos, which fired 50 employees (9% of its workforce), and SentinelOne, which terminated 100 employees (5% of its workforce). 

Related: Dozens of Cybersecurity Companies Announced Layoffs in Past Year

Related: The Effect of Cybersecurity Layoffs on Cybersecurity Recruitment

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join security experts as they discuss ZTNA’s untapped potential to both reduce cyber risk and empower the business.


Join Microsoft and Finite State for a webinar that will introduce a new strategy for securing the software supply chain.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Endpoint Security

Today, on January 10, 2023, Windows 7 Extended Security Updates (ESU) and Windows 8.1 have reached their end of support dates.