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{"id":30818,"date":"2023-05-03T21:51:51","date_gmt":"2023-05-03T21:51:51","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/05\/03\/bishop-fox-lays-off-employees-days-after-throwing-conference-party\/"},"modified":"2023-05-03T21:51:52","modified_gmt":"2023-05-03T21:51:52","slug":"bishop-fox-lays-off-employees-days-after-throwing-conference-party","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/05\/03\/bishop-fox-lays-off-employees-days-after-throwing-conference-party\/","title":{"rendered":"Bishop Fox lays off employees days after throwing conference party"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/05\/03\/bishop-fox-lays-off-employees-days-after-throwing-conference-party\/<\/a><\/br>
\nBishop Fox lays off employees days after throwing conference party<\/br>
\n2023-05-03 21:51:51<\/br><\/p>\n

\n

Cybersecurity firm Bishop Fox laid off around 50 employees \u2014 or 13% of its workforce \u2014 on Tuesday, the company told TechCrunch.<\/p>\n

The layoffs come just a few days after the company threw a party<\/a> at the cybersecurity conference RSA, where the company apparently served branded drinks<\/a> that it called \u201ccyber soup.\u201d Bishop Fox\u2019s official Twitter account said<\/a> last week that the company will have \u201cother events in Vegas later this year,\u201d referring to the Black Hat and Def Con security conferences held every year in Las Vegas.<\/p>\n

Bishop Fox spokesperson Kevin Kosh said in an email that the company had an event space at RSA \u201creserved many months in advance and was primarily secured for the purposes of the day-long livestream (mirroring the one we did for DefCon), which was a forum to engage, and share knowledge with the larger community. The reception followed that for the participants, team, industry friends and RSA attendees.\u201d<\/p>\n

The company declined to say how much it spent on the RSA party. Kosh confirmed that the company had around 400 employees before the layoffs yesterday.<\/p>\n

\u201cWe proactively made these changes in response to the global economic situation and opportunities we identified to make our business more efficient. While demand for our solutions remains solid and our business is stable, we can\u2019t ignore the market uncertainty and investment trends in this very different global economy,\u201d Bishop Fox CEO Vinnie Liu said in a statement sent to TechCrunch. \u201cBishop Fox remains healthy, and we continue to be bullish about our growth and technology investments over the coming quarters and years. Our firm\u2019s cash reserves (including our Series B raise), combined with this restructuring, allow us to maintain a strong financial position that enables scale, innovation, and of course, delivery of the high-quality solutions our customers have come to expect.\u201d<\/p>\n

Last year, Bishop Fox raised a total of $129 million<\/a> in a Series B round from several investors, including WestCap, NextEquity Partners and Rockpool Capital.<\/p>\n

And last week, the company announced<\/a> at RSA that it was expanding to the U.K. with \u201can initial focus on organizations in Northern Europe.\u201d In the announcement, the company also said that it had \u201ca 40% year-over-year company growth.\u201d<\/p>\n

Employees who said they lost their job on Twitter called the layoffs \u201cunexpected.\u201d One of them said it was \u201cdue to internal restructuring.\u201d<\/p>\n

In September 2022, the company\u2019s vice president of customer success Christie Terrill said<\/a> the company was \u201chiring across the board,\u201d and the company\u2019s official LinkedIn account wrote in a post<\/a> that it was \u201chiring across several different teams in the Fox Den, from pentesting to technical editing to sales.\u201d<\/p>\n

The layoffs at Bishop Fox come as the whole tech sector is suffering from the economic downturn. Still, some considered cybersecurity to be a safer sector. Last year, a report from (ISC)\u00b2<\/a>, a nonprofit association for \u201cinformation security leaders,\u201d predicted that cybersecurity teams \u201cwill be the least affected by staff reductions, as organizations anticipate an increase in cyber threats in 2023.\u201d<\/p>\n

The report was based on a poll of 1,000 C-suite executives. At the time, (ISC)\u00b2 chief executive Clar Rosso said<\/a> that \u201cthe importance placed on cybersecurity professionals, even during uncertain economic times, suggests that top executives understand the critical need for a strong cybersecurity team now more than ever.\u201d<\/p>\n

\n

Do you have more information about the layoffs at Bishop Fox? Or at another cybersecurity company? You can contact Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, or via Wickr, Telegram and Wire @lorenzofb, or email lorenzo@techcrunch.com. You can also contact TechCrunch via SecureDrop<\/a>.<\/em><\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/05\/03\/bishop-fox-lays-off-employees-days-after-throwing-conference-party\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/05\/03\/bishop-fox-lays-off-employees-days-after-throwing-conference-party\/ Bishop Fox lays off employees days after throwing conference party 2023-05-03 21:51:51 Cybersecurity firm Bishop Fox laid off around 50 employees \u2014 or 13% of its workforce \u2014 on Tuesday, the company told TechCrunch. The layoffs come just a few days after the company threw a party at the cybersecurity conference RSA, where the […]<\/p>\n","protected":false},"author":1,"featured_media":30819,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-30818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nBishop Fox lays off employees days after throwing conference party - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/05\/03\/bishop-fox-lays-off-employees-days-after-throwing-conference-party\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bishop Fox lays off employees days after throwing conference party - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/05\/03\/bishop-fox-lays-off-employees-days-after-throwing-conference-party\/ Bishop Fox lays off employees days after throwing conference party 2023-05-03 21:51:51 Cybersecurity firm Bishop Fox laid off around 50 employees \u2014 or 13% of its workforce \u2014 on Tuesday, the company told TechCrunch. 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