Lacework Layoffs
Lacework, the cloud security company, last month confirmed layoffs that slashed 20% of its workforce, saying a “a seismic shift has occurred in both the public and private markets.”
The layoffs are part of a restructuring. In March, Lacework said it had more than 1,000 employees, 85% of which were hired after the start of the COVID-19 pandemic.
Last November, Lacework raised $1.3 billion in growth funding at a valuation of $8.3 billion. The vendor said that’s the largest funding round in security industry history.
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