Rapid7 layoffs: Boston cybersecurity firm cuts 300 jobs

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  "company": {
    "name": "Rapid7",
    "domain": "rapid7.com"
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  "data": {
    "url": "https://www.bostonglobe.com/2026/08/10/business/rapid7-layoffs/",
    "title": "Rapid7 layoffs: Boston cybersecurity firm cuts 300 jobs - bostonglobe.com",
    "excerpt": "Struggling Boston cybersecurity company Rapid7 said on Monday it cut 12 percent of its workforce, or about 300 jobs, in the second quarter. The cuts, announced alongside the company’s second-quarter earnings report, came as the company’s revenue and profits have been shrinking, and less than a month after the company told the Globe it was laying off only 21 people . The company did not immediately respond to a request for comment Monday. Shares of Rapid7, which were down 35 percent over the past year before Monday’s news, jumped 6 percent in aftermarket trading. Larger rivals, meanwhile, have been thriving, with fears of AI-powered cybercrooks driving up sales. Shares of CrowdStrike have gained 112 percent over the past year, and Palo Alto Networks’ stock price is up 130 percent. Rapid7 brought in revenue of $860 million last year, but on Monday the company forecast 2026 sales would shrink to as little as $837 million, as some customers held off on switching to Rapid7’s newer cybersecurity offerings. Chief executive Wael Mohamed, who replaced longtime leader Corey Thomas in June, has been overhauling Rapid7’s executive ranks and trying to add more AI to its software. “Rapid7 is a good company ready to be great, but getting there requires clear choices, strong execution, and the discipline to focus on what matters most,” Mohamed said in a statement on Monday. The job cuts will...",
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    "published_at": "2026-08-10T23:04:05Z",
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        "state": "Massachusetts",
        "region": "Northern America",
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    "article_sentence": "Rapid7 brought in revenue of $860 million last year, but on Monday the company forecast 2026 sales would shrink to as little as $837 million, as some customers held off on switching to Rapid7’s newer cybersecurity offerings.",
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