SecureWorks Cutting 15% of Staff, Second Mass Reduction in Months
After laying off around nine per cent of its workforce in February, SecureWorks Corp. (SecureWorks) is pulling out the axe again.
In a filing to the U.S. Securities and Exchange Commission (SEC), the cybersecurity company said it plans to reduce its headcount by approximately 15 per cent and “implement certain real estate‑related cost optimization actions.”
“[We intend] to rebalance investments cross-functionally in alignment with [our] current strategy and growth opportunities,” the filing reads.
Secureworks added that the changes it’s making will “better position [it] for continued growth with improving operating margins over time.”
It remains unclear if Canadian employees are affected by the latest round of cuts.
According to news outlets, including TechCrunch, the last day for departing staff is expected to be Aug. 25.
In February, the company employed more than 2,100 full-time workers globally, according to a regulatory filing.
If you’re a non-unionized employee, check out our SecureWorks Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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