Cybersecurity company SentinelOne is preparing to lay off about 10 per cent of its global workforce, equal to nearly 300 employees. The company employs around 3,000 people worldwide, including about 700 in Israel, where roughly 70 jobs are expected to be affected. The announcement is expected to be made alongside its latest financial results.
Unlike many software firms hit by broad industry layoffs, SentinelOne operates in the cybersecurity sector, which has remained relatively strong. Its stock has even risen this year. However, the company reportedly faces intense competition from rivals such as Palo Alto Networks and CrowdStrike, which has created business challenges.
Recent leadership changes have added to the pressure. SentinelOne acquired Israeli startup Prompt Security last year to strengthen its AI capabilities, but since then has seen turnover in key finance, marketing, and revenue leadership roles. While the company crossed the milestone of $1 billion in annual revenue, profitability weakened, prompting management to act.
For the current quarter, SentinelOne expects revenue of $276–278 million and forecasts full-year growth of about 20 per cent, reaching $1.2 billion. Despite this growth, the company is aiming for tighter cost control, with projected operating profit between $110–120 million (non-GAAP).
The layoffs highlight the growing tension between expansion and profitability in the tech sector. For employees, the cuts mean uncertainty and job losses even in areas such as cybersecurity that were seen as more resilient.