All posts tagged: HackerOne

HackerOne lays off 12% workforce as ‘one-time event’

HackerOne lays off 12% workforce as ‘one-time event’

HackerOne, a widely known bug bounty and penetration testing platform, is cutting up to 12% of its workforce as the global economic slowdown continues to impact the tech community. The San Francisco-based startup announced its layoffs on Wednesday, TechCrunch learned and confirmed with the startup. The decision will impact the startup’s employees worldwide, including those in the U.S., Canada, the U.K., Netherlands and other countries, HackerOne CEO Marten Mickos said in an email to employees, which was also posted to the company’s blog. “This comes as disappointing news, as we’ve all built strong connections with our fellow Hackeronies. These actions are necessary to be successful long-term,” said Mickos. “We’ve designed this reduction in force as a one-time event. We don’t claim to have perfect visibility into our future financial performance or the macroeconomic climate, but we unequivocally wanted to take a single action and move forward with confidence.” HackerOne has more than 450 employees globally. This suggests the layoffs will impact more than 50 employees. Mickos said the affected employees will receive severance packages including …