Rapid7, a Boston-based cybersecurity company, announced this week that it will cut roughly 470 jobs, the latest major tech company to reduce its headcount this year, as employers continue to restructure their workforces (see Forbes’ layoff tracker from the first quarter here). Rapid7 will cut 18% of its workforce, making it the latest company to conduct a major round of ... [+] layoffs over the past 12 months. San Francisco-based Twist Bioscience will slash 25% of its workforce (estimated to affect 270 employees), the San Francisco Business Journal reported. Red Hat, a Raleigh, North Carolina-based software manufacturer, started cutting 4% of its workforce, multiple outlets reported, with cuts estimated to affect roughly 760 of its 19,000 employees, according to PitchBook. Deloitte will cut 1,200 of its more than 156,000 jobs in its U.S. workforce, the Financial Times reported, citing internal employee communications.

Source: Forbes August 09, 2023 19:29 UTC