Cybersecurity firm Rapid7 has announced significant job cuts, impacting approximately 300 employees or 12 percent of its staff. These layoffs occurred during the second quarter, coinciding with a reported decline in the company's revenue and profits. The news follows a period of stock decline for Rapid7, though shares saw a modest increase in aftermarket trading following the announcement. The company is undergoing executive changes and integrating AI into its offerings to adapt to a competitive market. These workforce reductions are expected to incur costs between $11 million and $12 million.
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https://www.bostonglobe.com/2026/08/10/business/rapid7-layoffs/