MEDIUMVulnerability
Global

Rapid7 Lays Off 12% of Staff as New CEO Reshapes Cyber Firm

·Source: Bank Info Security

Updated:

Executive Summary

New CEO Wael Mohamed Targets Efficiency, Product Modernization and Higher Win Rates Boston-based Rapid7 will cut roughly 314 jobs, or 12% of its workforce, as new CEO Wael Mohamed restructures the managed cybersecurity

Analysis

New CEO Wael Mohamed Targets Efficiency, Product Modernization and Higher Win Rates Boston-based Rapid7 will cut roughly 314 jobs, or 12% of its workforce, as new CEO Wael Mohamed restructures the managed cybersecurity operations vendor to raise margins, improve competitive performance and free resources for AI, product and engineering investments.

Indicators of Compromise (2)

URL (1)
https://ismg-cdn.nyc3.cdn.digitaloceanspaces.com/articles/rapid7-lays-off-12-staff-as-new-ceo-reshapes-cyber-firm-image_small-6-a-32526.jpg
VirusTotalURLhaus
Domain (1)
ismg-cdn.nyc3.cdn.digitaloceanspaces.com
VirusTotalURLhaus
Source Attribution

Originally published by Bank Info Security on Aug 11, 2026.

Related Threats

MEDIUMVulnerability

Stablecoins offer little cost or speed advantage for remittances - Banca d'Italia

Stablecoins show no systematic cost advantage over traditional remittance channels for cross-border payments, researchers at Banca d'Italia have found.

Finextra
MEDIUMVulnerability

Mobile wallets gain traction in the UK

Cards continue to dominate UK payments but mobile wallets are increasingly popular, with nearly two thirds of the population registered with at least one provider, according to the latest industry data.

Finextra
MEDIUMVulnerability

CISA Weighs Outsourcing Its Cyber Software Buying

<img src="https://ismg-cdn.nyc3.cdn.digitaloceanspaces.com/articles/cisa-weighs-outsourcing-its-cyber-software-buying-image_small-9-a-32595.jpg" align=right hspace=4><b>CISA Issues Sources Sought Notice Floating $600M a Year, $6B Over Contract Life</b><br>The U.S. Cybersecurity and Infrastructure Security Agency is surveying industry on whether a contractor could take over cybersecurity software b

Bank Info Security