Antivirus company Malwarebytes has implemented layoffs affecting over 100 employees as part of a restructuring plan that involves dividing its operations into separate consumer and corporate-focused entities. This move comes in conjunction with the departure of several key executives, including the CIO, CPO, and CTO. The split aims to create an enterprise-focused organization specializing in managed and endpoint detection, while the consumer arm will offer identity protection and VPN services.
The recent layoffs at Malwarebytes coincide with a major restructuring effort that seeks to separate the company’s consumer and enterprise business units. This strategic change follows the departure of top executives, including the CIO, CPO, and CTO, indicating a significant leadership transition. The company’s CEO, Marcin Kleczynski, has emphasized the importance of profitability in ensuring the sustainability of the business.
The organizational changes at Malwarebytes have not only involved layoffs but also witnessed the departure of several high-ranking executives. The company’s C-suite has experienced a substantial brain drain, with key figures like the CIO, CPO, and CTO all leaving. These changes reflect a broader effort by the company to optimize its operations and consolidate its focus in the competitive cybersecurity landscape.
Malwarebytes’ decision to split into distinct consumer and corporate units signifies a strategic reorganization aimed at addressing the diverse needs of its customer base.
This comes amid challenges in the corporate endpoint security market, where the company’s market share is relatively low. As the company undergoes these changes, its CEO has emphasized the importance of creating comprehensive, user-friendly offerings to strengthen cybersecurity for organizations, particularly small and medium-sized businesses.
