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Malwarebytes lays off employees in advance of a business split.

Malwarebytes lays off employees in advance of a business split

Malwarebytes, a cybersecurity firm based in the United States, has laid off 100 employees as part of its restructuring plans, which include a business split. The company laid off 14% of its global workforce a year ago.

Marcin Kleczynski, CEO of Malwarebytes, stated to the media that the company has laid off approximately 100-110 employees. This round of layoffs has primarily impacted corporate workers. He stated that the recent job cuts are part of the company’s effort to reduce spending.

He also confirmed that the company had made some senior-level changes as part of a reorganisation and restructuring exercise. According to numerous media reports, the company’s chief product officer, chief information officer, and chief technology officer all recently resigned.

The corporation intends to divide its operations into distinct business segments. Malwarebytes will separate its consumer-oriented business from its corporate-oriented business as part of this division or split.

While the consumer-facing business will primarily focus on tools such as identity protection and VPN, the corporate-facing business will focus on enterprise-oriented software such as managed services and endpoint detection.

Kleczynski, on the other hand, has made it clear to the media that he has no intention of selling any portion of the company.

The American cybersecurity firm, founded in 2008 by Marcin Kleczynski and Bruce Harrison, specializes in software solutions for protecting computers and networks from malware, viruses, and cyber threats.