U.S. tech giant Cisco has let go of thousands of employees following its second layoff of 2024. The technology and networking company announced in August that it would reduce its headcount by 7%, or around…
After tech giant Cisco announced plans for its second round of layoffs this year, employees tell TechCrunch that they will not know if they are affected for close to a month. Earlier this month, Reuters…
Intel said Thursday that the company will lay off more than 15 percent of its workforce, layoffs that were forced upon it by unused manufacturing capacity and charges associated with the launch of its AI…
Cybersecurity startup Wiz has turned down a $23 billion acquisition offer from Alphabet, Google’s parent company, according to a source familiar with discussions. Despite the offer representing a substantial premium over its last private valuation…
Russian cybersecurity giant Kaspersky will lay off dozens of staff and leave the U.S. market following a U.S. government order in June banning the sale of the company’s software, citing security risks. Kaspersky said it…
Last month, Wells Fargo terminated over a dozen bank employees following an investigation into claims of faking work activity on their computers, according to a Bloomberg report. A Financial Industry Regulatory Authority (FINRA) search conducted…
Microsoft has resolved a security lapse that exposed internal company files and credentials to the open internet. Security researchers Can Yoleri, Murat Özfidan and Egemen Koçhisarlı with SOCRadar, a cybersecurity company that helps organizations find…
U.S. access and identity management giant Okta has said it is laying off approximately 400 employees, or 7% of its global workforce. The layoffs come almost exactly a year to the day after Okta announced…
Proofpoint is laying off about 6% of its global workforce, or 280 employees, the company confirmed to TechCrunch. “This decision was not taken lightly, and it is deeply rooted in our forward-looking company strategy of…