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Cybersecurity giant Rapid7 announces sweeping layoffs as losses mount

U.S. cybersecurity giant Rapid7 has announced plans to lay off 18% of its workforce, affecting more than 400 global employees.
In a regulatory filing, the Boston-based cybersecurity company said its restructuring effort is “designed to improve operational efficiencies, reduce operating costs and better align the company’s workforce with current business needs.”
The filing confirms that Rapid7 will eliminate 18% of its workforce, but the company did not say how many employees were affected, nor did it respond to TechCrunch’s questions. Rapid7, which in January hired Twitter whistleblower

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