Malwarebytes Acquisition, Layoffs, and Business Split

Started by Corrine, September 02, 2023, 01:53:58 PM

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Recently, Malwarebytes announced the acquisition of Cyrus, described as "a disruptive innovator in online privacy solutions".

From the TechCrunch article, Malwarebytes lays off 100 employees ahead of business split:

QuoteKleczynski said the layoffs were part of a plan to separate the company into two separate business units, but denied that it planned to sell any part of the business.

The split — which was not previously made public — will see Malwarebytes separate its consumer and corporate-facing business units. The consumer business will focus on tools such as identity protection and VPN, while the remaining business will focus on enterprise-facing software like managed and endpoint detection, Kleczynski tells TechCrunch.

Full details of the split have not yet been finalized but will be announced in the coming weeks.

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