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.

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. ®

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