Credit: ryanking999/Adobe Stock Mass Layoffs Snag Snyk's CLO, Legal Ops Chief
The CEO said "continued headwinds facing the global economy" drove the decision to eliminate 198 jobs.
October 27, 2022 at 11:53 AM
2 minute read
Closely watched cybersecurity startup Snyk has parted ways its chief legal officer as well as its legal ops chief less than a year after the pair joined the Boston-based company from the cloud communications platform Twilio.
The departures come as Snyk, a once-high-flying unicorn that was valued at $8.5 billion in a funding round last year, eliminates 198 jobs, or 14% of its workforce. The cuts stem from "continued headwinds facing the global economy," according to a Monday blog post from CEO Peter McKay.
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