SecureWorks layoffs have an effect on 15% workers

SecureWorks mentioned Monday it should let go of 15% of its workforce, the cybersecurity firm’s second spherical of layoffs this 12 months.

In a regulatory submitting, SecureWorks mentioned that it will incur about $14.2 million in bills because of the layoffs, principally associated to worker termination advantages and real-estate prices.

SecureWorks chief government Wendy Thomas cited the necessity to “simplify and scale our enterprise and to ship worthwhile progress” in an all-hands firm electronic mail to workers justifying the cuts.

The corporate introduced an earlier 9% workforce discount in February, because it aimed to prioritize its increased margin Tageis cloud safety merchandise. The corporate mentioned in a submitting on the time it had 2,149 full-time workers globally.

That places the variety of affected workers at round 300 for this spherical of layoffs. SecureWorks mentioned the departing workers’ final day shall be August 25.

SecureWorks is the newest firm to announce layoffs this month alone. Cybersecurity large Rapid7 mentioned final week that it will lay off greater than 400 workers as losses mount, and U.Okay.-based NCC Group introduced it will make extra layoffs simply months after shedding 7% of its workforce.