Sophos

Sophos confirmed job cuts impacting 10% of its global workforce amid a “challenging and uncertain” macro environment.

According to TechCrunch, Sophos is letting go of 450 employees. Thoma Bravo acquired the U.K.-based company for nearly $4 billion in March 2020.

“This is difficult news for the entire Sophos organization,” Sophos said in an email when asked about the job cuts. “We are especially sorry to those who will be leaving.”

Sophos said it’s taking these steps for two main reasons. The first is to ensure it achieves the “optimal balance of growth and profitability” to support its long-term success. This is particularly important “in the midst of a challenging and uncertain macro environment.”

The second is to allocate its investments to be a “market leader in delivering cybersecurity as a service.”