Home Neural Network Safety large Proofpoint is shedding 280 staff, about 6% of its workforce

Safety large Proofpoint is shedding 280 staff, about 6% of its workforce

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Safety large Proofpoint is shedding 280 staff, about 6% of its workforce

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Proofpoint is shedding about 6% of its world workforce, or 280 staff, the corporate confirmed to TechCrunch.

“This determination was not taken calmly, and it’s deeply rooted in our forward-looking firm technique of aligning our investments and hiring to our strategic priorities, increasing our operational footprint by leveraging a world expertise pool, and streamlining our group with fewer administration layers,” in an organization assertion supplied by Proofpoint spokesperson Jennifer Duffourg.

Proofpoint mentioned about half of the positions it eradicated shall be moved to its world facilities in Eire and Argentina. Proofpoint added that it expects to finish the yr with “an analogous headcount” to the start of this yr, with out offering specifics.

The layoffs had been first reported by Calcalist.

Duffourg declined to remark additional when requested by TechCrunch what quantity of staff in administration had been affected by the layoffs.

Proofpoint’s management web page — which has no girls — says the corporate has about 4,500 staff.

Personal fairness large Thoma Bravo acquired Proofpoint in a $12.3 billion money deal in 2021. Previous to the shut of the deal, Proofpoint reported that it made $1.05 billion in income throughout 2020, up 18% on the earlier yr. Thoma Bravo, one of many wealthiest non-public fairness corporations on the earth, says it has $134 billion in property underneath its administration as of September 2023.

Proofpoint’s spokesperson declined to say if the corporate was presently worthwhile.

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