US-based cybersecurity company Proofpoint is set to lay off approximately six percent of its workforce, totaling 280 employees out of its 4,500-member team.
Among the impacted positions, about 20 employees from Proofpoint’s Israel offices, which house around 300 personnel, will be affected by the layoffs. The company emphasized its sensitivity to the current situation in the country and stated its commitment to offering extended departure terms for the affected Israeli employees.
In a statement, Proofpoint addressed the challenging decision, emphasizing its alignment with a forward-looking company strategy that prioritizes investments and hiring based on strategic goals. The company expressed gratitude for its employees’ dedication and service, pledging support to facilitate a smooth transition during this period.
Thoma Bravo, a private equity firm, completed the acquisition of Proofpoint in 2021 through a cash deal valued at $12.3 billion. Before the deal’s closure, Proofpoint reported a revenue of $1.05 billion for 2020, marking an 18 percent increase from the previous year.