6. Joseph Depa, IronNet

IronNet is the latest cybersecurity company to confirm layoffs, cutting 55 workers, or 17% of its workforce.

For the first quarter of its fiscal year 2023, IronNet reported a net loss of $33.2 million, compared to a $15.5 million net loss in the same quarter last year. Annual recurring revenue (ARR) was $30.1 million; that compares to $25.6 million for the year-ago quarter.

Joseph Depa III is IronNet‘s public relations/social media manager. He made waves for being candid about the layoffs.

“The workforce reduction is part of a broader plan to streamline our operations for higher efficiency, to reduce overall expenses and preserve cash, and to set IronNet up for rationalized growth going forward,” he said. “Our strategy remains the same, to transform cybersecurity through collective defense. In fact, we’ve seen momentum around the concept of collective defense in the past several quarters, with President Biden and his cyber experts even referring to it as the path forward.”

Read more here about the reasons behind the layoffs.