Sophos plans to cull its workforce by up to 16 percent and close some offices just three months after being acquired by private equity firm Thoma Bravo, according to media reports.
Sophos confirmed the restructuring in a statement to CRN, but did not respond to questions about how many workers were impacted and in what job functions or geographies. Thoma Bravo did not respond to a request for comment.
The U.K.-based platform security vendor has already started reducing headcount, with the coronavirus pandemic forcing Thoma Bravo to take steps to bolster Sophos short-term outlook and accelerate the companys strategic transition, according to Private Equity News. The cuts will potentially amount to around 16 percent of Sophos overall head…
Read the full article at: https://www.crn.com.au/news/sophos-undertakes-company-restructuring-staff-cuts-due-to-covid-19-reports-549075