Feeds

Sophos to shed one in 20 jobs

Redundancies due to shifting priorities, not credit crunch

Top three mobile application threats

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. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Heartbleed exploit, inoculation, both released
File under 'this is going to hurt you more than it hurts me'
Canadian taxman says hundreds pierced by Heartbleed SSL skewer
900 social insurance numbers nicked, says revenue watchman
German space centre endures cyber attack
Chinese code retrieved but NSA hack not ruled out
Burnt out on patches this month? Oracle's got 104 MORE fixes for you
Mass patch for issues across its software catalog
Reddit users discover iOS malware threat
'Unflod Baby Panda' looks to snatch Apple IDs
Oracle working on at least 13 Heartbleed fixes
Big Red's cloud is safe and Oracle Linux 6 has been patched, but Java has some issues
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.