Feeds

Sophos to shed one in 20 jobs

Redundancies due to shifting priorities, not credit crunch

Internet Security Threat Report 2014

UK-based security firm Sophos plans to shed five per cent of its workforce as part of a "business reorganisation".

Sophos spokesman Graham Cluley said the credit crunch was not a factor in the planned redundancies. "This is an internal reorganisation to do with setting business priorities, it's not a result of the economic climate. The planned job cuts will have no impact on labs or engineering though sales positions may be affected.

The business-focused security firm employs 1,500 people globally, with 600 working in its Oxfordshire headquarters. Efforts will be made to help some of those facing redundancy jobs elsewhere in the company.

Sophos, which is privately held, reported a 28 per cent growth in billings last year, up from $167.3m in the year to 31 March 2007 to $213.9m in (financial year) 2008. The firm is not acquisitive, with one of its only acquisitions of note been the $23m purchase of anti-spam developer ActiveState back in 2003. ®

Security for virtualized datacentres

More from The Register

next story
Knock Knock tool makes a joke of Mac AV
Yes, we know Macs 'don't get viruses', but when they do this code'll spot 'em
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Why weasel words might not work for Whisper
CEO suspends editor but privacy questions remain
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
BlackEnergy crimeware coursing through US control systems
US CERT says three flavours of control kit are under attack
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.