Malwarebytes lays off employees ahead of business split

The layoffs will affect its corporate employees

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Amid the company’s restructuring plans, followed by its business split, the US-based cybersecurity firm, Malwarebytes has laid off 100 employees. A year ago, the company had laid off 14 per cent of its global workforce.

In a statement to the media, Marcin Kleczynski, CEO, Malwarebytes, stated that the company has laid off about 100-110 employees. This round of layoffs has primarily affected the corporate employees. He mentioned that the recent job cuts are a part of the company’s effort to cut expenditures.

He also verified that the company had made some changes in the senior ranks as part of a reorganization and restructuring exercise. As per many media reports, the company’s chief product officer, chief information officer, and chief technology officer have recently put in their papers.

The Company plans to split its operations into distinct business segments. This division / split will involve Malwarebytes separating its consumer-oriented business from its corporate-oriented business.

While the consumer-facing business will mainly revolve around tools such as identity protection and VPN, the corporate-facing business will be dedicated to enterprise-oriented software, including managed services and endpoint detection.

However, Kleczynski has made it clear to the media that there is no intention to sell any portion of the company.

Founded in 2008 by Marcin Kleczynski and Bruce Harrison, the American cybersecurity company specialises in software solutions for protecting computers and networks from malware, viruses, and cyber threats.

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