Cybersecurity Layoffs In 2023: Companies That Cut Jobs In Q3
Kyle Alspach, Wade Tyler Millward
While cybersecurity spending continues to grow, a number of major vendors in the security industry have recently cut staff amid the economic slowdown.
Cisco Reportedly Cuts Roles In Security
As part of a round of layoffs in July, tech giant Cisco Systems cut staff in segments including security, according to Blind, a tech career-focused message board. In an email to CRN, Blind cited reports from verified former and current Cisco employees in disclosing the layoffs — though the number of impacted employees in the security unit, and overall, was unclear. A Cisco spokesperson did not confirm which business units were impacted in the layoffs, but told CRN that the cuts were part of a “rebalancing” initiative that the company had previously discussed in November 2022. “As we announced then, this is not about cost savings as we have roughly the same number of employees as we did before the process began,” Cisco said in an email to CRN. “This rebalancing is about prioritizing investments in our transformation to meet and exceed our customers’ expectations in the changing technology landscape.”