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Job cuts hit cybersecurity industry despite surging growth from ransomware attacks - TL;DR CNBC

Job cuts hit cybersecurity industry despite surging growth from ransomware attacks

Publishing timestamp: 2022-06-10 12:30:59


Summary

Cybersecurity companies are experiencing record growth due to increasing ransomware attacks, but the plunge in tech stocks and freezing of the IPO market has led to layoffs and cost-cutting measures at high-growth companies. Despite the challenges, the global cybersecurity market is expected to continue growing, with some companies like Snyk, Tanium, and Illumio remaining well-capitalized and experiencing a boom in business.


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Keywords: business newscrowdstrike holdings incbusinesssocial mediaunited statesrussiasentinelone inctechnologybreaking news: technologyokta incenterprise

Source: https://www.cnbc.com/2022/06/10/job-cuts-hit-cybersecurity-firms-despite-surging-growth-from-attacks.html


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