Cybersecurity Firm Kape Technologies Lay Off Around 200 Employees

In the newest addition to the record of main firms curbing their workforce in latest occasions, fashionable cybersecurity agency Kape Technologies has laid off round 200 workers.

Kape Technologies is the corporate behind quite a few fashionable VPN providers, together with ExpressVPN, CyberGhost, and Private Access Internet (PIA).

The layoffs have taken place throughout varied departments, together with the three main divisions talked about above. Several high-ranking executives have been fired on this spherical of layoffs, following which others, similar to the corporate’s Chief Technology Officer Dan Gericke, determined to stroll out.

Kape Technologies Curtailed Around 30% of Its Workforce, Says Ex-CTO Dan Gericke

Kape Technologies hasn’t made any official bulletins concerning the layoffs but, and neither have any of the concerned VPN suppliers. However, most of the firm’s present and former workers took to LinkedIn to speak concerning the layoffs.

Many workers who’ve probably been fired or determined to go away the corporate had the distinguished “Open to Work” banner circling their profile footage on LinkedIn.

According to Gericke, Kape Technologies reduce off about 30% of its world workforce this week. Recruiters from different firms seized the chance to precise their sympathies with these affected by the layoffs and supply job alternatives.

Many different alleged former workers who weren’t comfy about exposing their identification used Reddit to voice their opinions anonymously. From the posts, their displeasure with how Kape Technologies went concerning the restructuring course of was fairly evident.

Mass Layoffs in 2023

This yr has witnessed huge rounds of layoffs throughout main firms across the globe, with firms slicing off their employees left and proper.

February and March noticed over 36,000 and 37,000 tech layoffs, respectively, with extra firms following swimsuit.

Over 84,700 employees within the trade have been laid off in January, together with round 12,000 workers from Google’s mum or dad firm, Alphabet. In the identical month, Amazon did away with greater than 18,000 roles, and Microsoft laid off round 10,000 workers.

Amazon introduced on March 20 that one other 9,000 workers have been set to lose their jobs. On 14th March, Mark Zuckerberg confirmed that Facebook’s mum or dad firm Meta could be slicing off 10,000 jobs.

Microblogging platform Twitter has seen a number of rounds of layoffs since Elon Musk took over the corporate final yr. Musk confirmed in April that he had already fired greater than 80% of your complete Twitter workforce since his takeover. As of now, employment within the tech trade stays extremely risky.