Tough times in the information security market have obliged UK-based information security firm Sophos to draw up plans to reduce its workforce by around 7 per cent. A decline in its rate of growth in the first half of this year prompted Sophos to make the tough decision to shed around 80 jobs. The job reductions will be achieved …
Nearly went for a job with these guys 3 months ago!
Some of us already work there!
This is purely down to bad management at upper level. The "coal face" are honest, hardworking people and management are excellent. The country level are blind. The senior level are good guys. 24% growth last year in a recession is down to hard work and a good product set. The Sophos product is excellent, no two ways about it. The delivery is world class. Symantec / McAfee cannot touch the quality of provision that Sophos give. The greedy middle management wanted an extra 20% growth AGAIN and that was not feasible. Now hardworking people lose their jobs...
El Reg - I'm available for personal comment if you want. But I will not hear a bad word said about the management of the UK team - every one and every staff member is a credit to the industry.
... quote from Graham Cluley?
Nice racket while it lasted.....
...but unless you're working on MS SE, probably time to update that CV.
Not all dark
Their encryption solution's selling well so those folks should be okay.
Who's for the chop?
"reduce our investment in areas of the business that have not been delivering the right level of return" So the guys getting made redundant are the ones who can't run the business? No, I think not.
Reduction in profit growth rate
Which means we're still growing profits, YoY and QoQ, so obviously they need to go fire a bunch of people.
This stinks of cost-reduction-to-meet-the-CEO's-financial-targets-and-protect/maximize-his-bonus. If true, expect more where this came from.
"Sophos remain a very strong company with growth potential,"
year right :))
Cut the crap
Nick Bray, like most of the Sophos board these days, is a faceless, remote figure spouting double-speak with a sharp end-result for individuals. 'We're going to cut your leg off, but don't worry, we'll be supplying you with bandages.'
Funny how "investment realignment" always affects the people who actually make things or provide a service. No doubt board members will shortly be awarding themselves "loyalty bonuses".
Who gets the bullet?
Well, the entire UK project office for a start.
Good luck with getting anything delivered now, guys.