Communications of the ACM
Cybersecurity Firms Reduce Staff
Cybersecurity companies have laid off hundreds of workers in recent months, as concerns mount that an economic downturn will delay funding rounds.
Since midyear, cyber services and technology providers have been shedding staff. The layoffs have spanned departments, including sales, marketing, research and development, and technical roles.
Cybersecurity is seen by some as relatively insulated from economic downturns, but cybersecurity companies often run through cash at high rates, analysts say.
The majority of laid-off cyber workers so far aren't in technical roles, says Allie Mellen, an analyst at Forrester Research Inc. "If they do get laid off, they'll get hired at one of the more financially stable firms that don't actually have to take part in layoffs," she said.
From The Wall Street Journal
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