The company, which was founded in 2008 and has raised about $80 million in funding over the years, did not provide details on what percentage of its revenues currently come via the channel. “We are shifting our go-to-market strategy to prioritize growing in these markets, including expanding our channel partnerships and accelerating our momentum with managed service providers (MSPs).” “In recent months, Malwarebytes has increasingly refocused our business on the small-medium business (SMB) and mid-market customer segments in alignment with our mission to protect the underserved,” he added. “Unlike most tech companies, Malwarebytes generates positive cash flow to grow our business, so this was more a strategic reorganization than a reaction to market conditions,” Kleczynski said in his statement. In a statement issued by the company, Kleczynski insisted that Malwarebytes is in good financial shape and that the staff reductions were the result of its own long-term planning moves, not the result of outside market pressures.
The staff cuts were across all departments. Malwarebytes has become the latest cybersecurity company to lay off workers.Ĭiting the need for a “strategic reorganization” that includes a renewed emphasis on its channel business, Marcin Kleczynski, CEO and founder of the Santa Clara, Calif.-based Malwarebytes, is confirming his antivirus company last week laid off about 125 workers, or about 14 percent of its global workforce.
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