Malwarebytes is continuing its efforts to engage MSPs, but the small and midsize business (SMB) partner push also involves "recalibrating" the cybersecurity software company's enterprise sales team, CEO Marcin Kleczynski told TechCrunch.
The net result: Malwarebytes has laid off about 125 employees -- or 14% of the cybersecurity company's global workforce, the report said. The staff changes involve aligning costs and focus to emphasize the MSP and SMB market push rather than a reaction to market conditions, Kleczynski asserted.
Malwarebytes Generates Positive Cash Flow
Among the proof points Kleczynski offered: Malwarebytes generates positive cash flow to grow its cybersecurity software business. Actual revenue and profit figures at the privately held software company were not disclosed. The company raised $50 million in Series B funding from Fidelity Management in 2016.
Malwarebytes has been active in the MSP partner ecosystem for a few years now: Key moves include integrating its OneView management dashboard with the ConnectWise Manage professional services automation (PSA) software for MSPs in 2021.
The Malwarebytes product portfolio includes cloud-based security management and services for endpoint protection; detection and response; incident response; DNS filtering; vulnerability and patch management; and remediation for CrowdStrike endpoints.
Cybersecurity Industry Layoffs: 2022 Staff Cuts
Although the overall cybersecurity market remains healthy, some startups have had layoffs as investors shifted their priorities from fast-growth revenue toward clearer paths to profitability. Among those cutting staff in 2022: Cybereason, Lacework, OneTrust and Snyk.
All Layoffs: See all technology industry layoffs listed here.
