2023 showed cybersecurity isn’t immune from brutal layoffs

This report summarizes widespread 2023 layoffs in the cybersecurity sector, highlighting workforce reductions and restructuring at firms including Sophos (10%), Bishop Fox (~13%), NCC Group (multiple rounds), Rapid7 (18% with office closures), HackerOne (~12%), Malwarebytes (100 roles amid a split), and IronNet (full shutdown/Chapter 7), largely attributed to macroeconomic uncertainty and efficiency initiatives rather than security incidents.