Aqua Security

This month, Aqua Security cut 10% of its workforce as part of layoffs due to changing economic conditions.

According to its LinkedIn page, the company’s workforce totals 501-1,000. Its channel team wasn’t impacted by the layoffs.

Aqua Security CEO and co-founder Dror Davidoff announced the cuts and other changes in a blog.

“In the past 18 months, we surpassed 500 enterprise customers, doubled our team, more than doubled our revenue, acquired Argon and launched an entirely new product line, Software Supply Chain Security,” he said. “The favorable economic circumstances rewarded growth above all else, and we took advantage of it. Now, as economic conditions change, we find ourselves once again focused on the responsible path. We must consider profitability and growth, and rebalance for the new reality.”