2. William Welch, IronNet

IronNet has initiated more layoffs, cutting nearly 90 employees or 35% of its workforce, and co-CEO William Welch and CFO James Gerber made waves for leaving the company.

IronNet confirmed the layoffs. The company’s shares dropped more than 47% in pre-trading last week after the company reported its latest quarterly earnings.

According to IronNet’s latest 8-K filing with the U.S. Securities and Exchange Commission (SEC), due to market conditions, on Sept. 14, the company committed to and communicated a workforce reduction plan.

Learn more about how the workforce reduction is part of a broader plan by IronNet.