The second round of layoffs for Cybereason in 2022. The first saw 140 employees (10%) get cut on June 1st. This round sees 200 more employees (17%) out the door. Most are non-US, with 50 of the layoffs in Israel.
Recently, a confidential IPO filing fell through and it seems like they could be struggling to find a buyer at their desired valuation price, which may or may not be realistic, given the market correction (are they really worth $5bn??? What’s the multiple?)