✉news TechnologyTechnology first seen 2 h ago, last 1 h ago, peak #12
Snyk lays off 20% of workforce after Israeli acquisitions
Original: Snyk laid off 20% of its workforce after writing off technology from Israeli acquisitions Helios and Enso
Developer security company Snyk has laid off 20% of its workforce after writing off technology acquired through its purchases of Israeli firms Helios and Enso. The write-offs mean the acquired products will not be developed further, and the job cuts follow as the company restructures around the failed acquisitions.
Why now: The scale of the layoffs and the collapse of two recent acquisitions highlight setbacks for the cybersecurity company.
Evidence
- Snyk laid off 20% of its workforce after writing off technology from Israeli acquisitions Helios and Enso · calcalistech.com
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