2nd Round of Layoffs Since 2022 Comes 2 Months After $150M Email Security Purchase. Varonis cut 5% of its workforce and saw its stock price nosedive after disclosing a sharp drop in renewal rates for its on-premise subscription business. The underperformance of the federal vertical caused a notable headwind for Varonis despite it accounting for just 5% of annual recurring revenue.
First seen on govinfosecurity.com
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