According to a report in TechCrunch. The company threw a party at the RSA cybersecurity conference, which reportedly offered a branded beverage it called “cyber soup”. The organization will have “other events in Vegas later this year,” according to Bishop Fox’s official Twitter account, referring to the annual Black Hat and DefCon security conferences held there.
At the end of April, many employees took to Twitter to share pictures of the party and they had a good time. However, a few days later, some of them revealed the layoffs at the company.
– Bishop Fox (@bishopfox) April 27, 2023
Bishop Fox spokesman Kevin Kosh said in an email to the store that they have a space at RSA that is “reserved months in advance and is primarily secured for day-long live streaming purposes ( mirroring what we did for DefCon), which is a forum to engage and share knowledge with the larger community, followed by a welcome reception for participants, groups, friends in the community. industry and RSA attendees.” Mr. Kosh further informed the outlet that the company had about 400 employees before the layoffs on May 2.
In a statement to TechCrunch, CEO Vinnie Liu said: “We’re proactively making these changes in response to the global economic situation and the opportunities we’ve identified to make operate our business more efficiently.While demand for our solutions remains solid and our business stable, we cannot ignore market uncertainty and investment trends in this very different global economy.”
“Bishop Fox remains healthy and we continue to be optimistic about our growth and technology investments in the coming quarters and years. Our company’s cash reserves (including the Series B rally), combined with this restructuring, allows us to maintain a strong financial position allowing us to scale, innovate and of course deliver the high quality solutions our customers expect ,” concluded the CEO.
Many employees called the layoffs “surprise”. One of them also claimed that the layoffs were “due to an internal restructuring.”