Lexington, Massacusetts-based Mimecast, an email security vendor, has announced a restructuring plan that will reduce its workforce by 80 employees,
The cost-cutting effort will help the company redeploy assets to enterprises while leveraging automation and efficiency for small and midsize business customers.
The company acknowledged that the SolarWinds hackers compromised a security certificate used by Minecraft customers to authenticate the company's products to Microsoft 365 products.
Mimecast CEO Peter Bauer speaking of the hack, “Our customers, and larger enterprises, in particular, understand that this is an unfortunate reality of operating today, and have been highly collaborative with us throughout this process. We remain in close contact with them, but we believe that the steps we have taken to isolate and remediate the identified threat have been effective.”
Bauer also noted, "Mimecast plans to expand and strengthen its enterprise team to give those clients a customized, higher-touch experience. It’s never easy to have colleagues depart, especially in an environment as tough as this one. And we did not make this decision lightly. However, we are confident that this is the right decision for the business and essential to being able to invest in the right areas and achieve our goals.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?