Security company Sophos is planning to reduce its global workforce by 5 percent. <P> Altogether, about 75 Sophos employees will be affected by Sophos' scheduled layoffs. The U.K.-based company employs about 1,500 people in all of its offices worldwide. <P> A spokesperson for privately held Sophos said the reduction was part of a reorganization to eliminate redundancy, which would ultimately shift some U.K.-based positions to the company's Boston office. <P> While Sophos declined to specify on whether the layoffs were due to the economic downturn, a spokesperson said that "the economic climate compels us to look for greater efficiencies within our organization." <P> Sophos said that the reduction would have "no impact whatsoever" on its channel, noting that the company is putting marketing resources into its U.S. headquarters that would "prove beneficial" to the channel. <P> Sophos experienced a 28-percent year-over-year growth in billings, with a 41-percent growth in free cash flow, from 2007 to 2008.
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Slide Shows |
- Insider Threats: The Next Frontier for Security Resellers and SMBs
- Complete Security and Your Bottom Line: Sophos, Value and the Channel
- Tough Threats, Tougher Security: How You Can Leverage New Solutions To Combat A “Targeted Attack” Landscape
- Dark Clouds Ahead: Why the Mid-Market Needs To Ramp Up Cloud Security and How You Can Help Them Get There
