Layoffs hit two stalwarts of Boston cybersecurity scene
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Two local cybersecurity stalwarts, Rapid7 and Snyk, cut jobs over the past few weeks, as new leadership at both companies retrenches in the face of younger competitors focused on using artificial intelligence. The recent job cuts were relatively modest, with 21 people laid off at Rapid7, or less than one percent of the staff, the company said without further comment. Snyk cut 90 jobs out of about 1,500 workers, The Jerusalem Post reported. Snyk did not respond to requests for comment. With the release of new AI models, such as Anthropic's Mythos, which was briefly banned by the White House, the cybersecurity industry is under extreme pressure to counter the threat of AI-powered hackers while also using the technology to make their own operations more efficient. Boston has seen a crop of new cybersecurity companies, such as 7AI and Realm.Security, using AI from the start, while older, more established players such as Rapid7 and Snyk scramble to adapt. Both of those companies appointed new CEOs earlier this year as they sought to adapt to the rapid changes brought on by AI, among other factors. At Rapid7, Wael Mohamed, a 30-year industry veteran who has run several cybersecurity companies, took over for longtime CEO Corey Thomas last month. The company's stock has jumped 42 percent since the change. At Snyk, CEO Peter McKay stepped down in April after six years, saying the...
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