HackerOne announced the dismissal of 12% of employees

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Summarize this content to 100 words HackerOne, a site for rewarding ethical hackers for finding vulnerabilities in software, plans to lay off 12% of its staff. The San Francisco-based company attributed its decision to the global economic downturn that continues to affect the tech community.The cuts will affect HackerOne employees around the world, including in the US, Canada, the UK, the Netherlands and other countries, the company’s CEO Maarten Mikos said. According to him, such a measure is necessary to achieve success in the long term.Mikos assured that the current reduction will be one-time. He noted that HackerOne does not claim to have a perfect view of its financial performance or the macroeconomic climate. However, layoffs are necessary in order to confidently move forward, the head of the company summarized.HackerOne currently has 450 employees, so the cuts will affect more than 50 employees. The dismissed staff will be paid severance pay, including cash compensation and other bonuses.HackerOne continued to hire employees and invest in new products to expand its platform, but those projects fell short of expectations and led to rising costs, Mikos said.Founded in 2012, HackerOne has raised about $160 million. During the last round of funding in January of last year, it received $49 million. Key investors in the company were GP Bullhound, New Enterprise Associates, EQT Ventures and Dragoneer Investment Group.The HackerOne platform is used by the US Department of Defense, Google and Microsoft to address vulnerabilities and connect with the global community of security researchers.

HackerOne announced the dismissal of 12% of employees

HackerOne, a site for rewarding ethical hackers for finding vulnerabilities in software, plans to lay off 12% of its staff. The San Francisco-based company attributed its decision to the global economic downturn that continues to affect the tech community.

The cuts will affect HackerOne employees around the world, including in the US, Canada, the UK, the Netherlands and other countries, the company’s CEO Maarten Mikos said. According to him, such a measure is necessary to achieve success in the long term.

Mikos assured that the current reduction will be one-time. He noted that HackerOne does not claim to have a perfect view of its financial performance or the macroeconomic climate. However, layoffs are necessary in order to confidently move forward, the head of the company summarized.

HackerOne currently has 450 employees, so the cuts will affect more than 50 employees. The dismissed staff will be paid severance pay, including cash compensation and other bonuses.

HackerOne continued to hire employees and invest in new products to expand its platform, but those projects fell short of expectations and led to rising costs, Mikos said.

Founded in 2012, HackerOne has raised about $160 million. During the last round of funding in January of last year, it received $49 million. Key investors in the company were GP Bullhound, New Enterprise Associates, EQT Ventures and Dragoneer Investment Group.

The HackerOne platform is used by the US Department of Defense, Google and Microsoft to address vulnerabilities and connect with the global community of security researchers.

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