Lacework announced layoffs affecting 20% of its employees in a bid to strengthen its balance sheet. The move comes just six months after the company raised $1.3 billion, making it the world’s third-most valuable venture-backed cybersecurity firm. Lacework didn’t disclose how many employees were laid off. In March, Lacework told VentureBeat that it employed more than 1,000 people, or quintuple its January 2021 headcount of 200. In recent weeks, venture capitalists and private equity firms have been urging portfolio companies to pump the brakes on spending.”]
Source: https://www.cuinfosecurity.com/lacework-announces-layoffs-6-months-after-raising-13b-a-19141