Mountain View, California-based Lacework, a provider of an automated security platform for cloud-based services that provides threat intrusion detection and defense, has announced a restructuring leading to a major round of layoffs impacting approximately 20% of its workforce, estimated at 200 employees.
According to the company's two co-CEOs, David Hatfield and Jay Parikh, "Today, we made the very difficult decision to say goodbye to some of our colleagues, as part of a restructuring and modification to the company plan. Over the past several weeks and months, a seismic shift has occurred in both the public and private markets. While we do not have control of the environment around us, we do have a responsibility to control how we operate our business and make changes as needed to best position the company for continued and long-term success. Despite the broader economic environment – demand for cloud security will remain strong, and it is critical to all online, cloud businesses."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?