Feeds

Websense sharpens the axe as sales fall

Pink slips for one in 20

Providing a secure and efficient Helpdesk

Web filtering firm Websense is reportedly planning to lay off 5 per cent of its workforce to cut costs.

The move is a response to a slowdown in security spending during the recession. PC World reports that Websense plans to lay off 70 people from its worldwide workforce of 1,400.

In a statement, Websense confirmed it was planning to make job cuts without saying which divisions of its business would be hit or specifying a timescale.

We have been aggressively managing our expense structure during the recession without any reduction in personnel costs.

The recession has continued, and based on our outlook for the second half of the year, it is now necessary for us to take additional actions and reduce our personnel related costs globally. Out of respect for our employees, we are not prepared to provide additional details at this time.

Websense announced last week reported Q2 revenue of $79.5m and profits of $3.1 million compared with a net loss of $8.2m Q2 2008. These figures, taken in isolation, look rosy enough but the big problem for Websense is that its billings (sales) in Q2 2009 came in at $82.2m, compared to $87.3 million in Q2 2008.

A strong dollar hurt Websense's sales but other factors were also at play. Some Websense customers are either shortening the length of contracts or paying for fewer licences as their businesses shrink, resulting in knock-on effects for the software developer. This factor was only partially offset by financially healthier customers upgrading to Websense's new line of web security gateways.

Websense isn't the only security firm to cut jobs to cope with the economic downturn. Last October Symantec announced a similar 4.5 per cent headcount cull. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
SMASH the Bash bug! Apple and Red Hat scramble for patch batches
'Applying multiple security updates is extremely difficult'
Shellshock: 'Larger scale attack' on its way, warn securo-bods
Not just web servers under threat - though TENS of THOUSANDS have been hit
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Who.is does the Harlem Shake
Blame it on LOLing XSS terroristas
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
prev story

Whitepapers

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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.