Cybereason

In October, Cybereason cut 200 workers, or 17% of its workforce. This was the second time Cybereason cut workers in the past several months.

“This was an extremely difficult step as it impacts colleagues who supported our mission and played a part in making us a market leader,” a Cybereason spokesperson said. “While painful, we believe prioritizing profitability over growth will provide financial resilience to withstand current economic conditions.”

In June, Cybereason announced layoffs impacting 10% of its workforce in Israel, the United States and Europe, citing a closed tech initial public offering (IPO) market. Those layoffs affected about 100 workers, including dozens at its Israel headquarters, and the rest working at its offices in the United States and Europe.

Early this year, Cybereason reportedly filed for an IPO at a valuation of $5 billion. It was said to finalize underwriters for its IPO and expected a launch during the second half of this year.