Endpoint management vendor Automox announces layoffs amid 'challenges'

The company confirmed in a LinkedIn post that it has 'parted ways' with multiple people

Automox has become yet another cybersecurity firm to announce layoffs amid tough economic conditions.

The endpoint and patch management vendor confirmed in a LinkedIn post that it has "parted ways" with multiple people, saying it is not "immune" to the challenges of the macroeconomic environment.

It said: "Today, due to the broader economic climate, we parted ways with a number of our very talented people. While Automox continues to be a growing business in a strong financial position, we are not immune to the challenges of the macroeconomic environment.

"We greatly appreciate the work, dedication and contributions of those impacted. Please join all of us at Automox as we open our networks to help these talented individuals find their next opportunity."

The company did not disclose how many staff were laid off in the post.

It comes after security vendor OneTrust reduced its workforce by 950 employees as it announced a reorganisation of the company.

In an email to employees, CEO Kabir Barday said the company has lost around 25 per cent of its workforce due to the layoffs.

He said the move is one of the most "difficult decisions" he has had to make but reducing headcount and adapting to the capital markets sentiment "is what is needed to keep us in our leadership position".