Cybersecurity company Rapid7 to lay off 470 employees: Here’s what the CEO said

Cybersecurity firm Rapid7 has confirmed that it will lay off 470 employees, which is 18% of its workforce, as part of a restructuring plan. CEO Corey Thomas said the decisions were made from a position of strength, and all impacted staff will receive severance packages including healthcare coverage and career support services. The company aims to allocate resources towards an integrated experience for its customers and strategic customer investment. All its employees will receive an email outlining details based on their circumstances and local requirements.

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