Boston cybersecurity firm Rapid7 cutting 300 jobs
The Boston Globe
Boston cybersecurity firm Rapid7 is eliminating 12 percent of its workforce, approximately 300 jobs, to address shrinking revenue and profits. Despite the layoffs and a downward sales forecast for 2026, the company's stock rose 6 percent in after-hours trading as investors reacted to the restructuring efforts aimed at adapting to competitive pressures from AI-powered rivals.
All articles from 11 August 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.