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Rapid7 to lay off 18% of its workforce
Despite double-digit growth in its most recent fiscal quarter, security vendor Rapid7 will lay off about 18% of its workforce – about 470 employees, with significant cuts to sales and engineering – as well as permanently close some office locations and invest in managed service providers (MSPs).
The cuts are a "difficult decision" and "may be surprising" to employees "when we are meeting performance expectations," Rapid7 CEO Corey Thomas said in a blog post. But "making decisions from a pl...
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