Cyber vendor Proofpoint laying off 280 employees, 6% of total workforce
Cyber vendor Proofpoint laying off 280 employees, 6% of total workforce
The cybersecurity company, which was acquired by private equity giant Thoma Bravo for $12.3 billion in 2021, will be cutting around 20 jobs in its Israel center as part of the layoffs
Cybersecurity company Proofpoint is laying off 280 employees, accounting for around 6% of its total workforce of 4,500. The layoffs will include around 20 employees in its Israel offices, which total about 300 people.
Proofpoint, which was acquired by private equity giant Thoma Bravo for $12.3 billion in 2021, built up its Israeli headquarters with several acquisitions, the latest of which came in December 2022 when it purchased Illusive for around $100 million. That was the American company’s fourth acquisition in Israel after buying Israeli-founded ObserveIT for $225 million in 2019 and paying $120 million for Meta Networks the same year. The firm also acquired FireLayers in 2016.
“To position Proofpoint for continued and long-term success as a world-class business operating at scale, we have made the difficult decision to reduce our current workforce by about 280 positions globally,” the company told Calcalist.
“Some of the positions under consultation are in Israel and we are being sensitive to the current situation in the country. Proofpoint will offer extended departure terms for Israeli employees who will be impacted.
“This decision was not taken lightly, and it is deeply rooted in our forward-looking company strategy of aligning our investments and hiring to our strategic priorities, expanding our operational footprint by leveraging a global talent pool, and streamlining our organization with fewer management layers.
“We appreciate our employees’ dedication and service and are committed to helping them make this transition as smoothly as possible.
“As the cybersecurity partner of choice for organizations globally, we remain steadfast in our mission to protect people and defend data against people-centric cybersecurity risks. We do not anticipate any disruption for our customers as a result of these changes.”
