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factory
Code42
corporate_fare
Data
where_to_vote
minneapolis
paid
Funding Stage - Series B
person
Layoff Count - 25

Posted on August 19, 2022

Cuts at Code42: cybersecurity company eliminates 25 from workforce

Cuts at Code42: cybersecurity company eliminates 25 from workforce

Citing the economic impact of the COVID-19 pandemic, local cybersecurity company Code42 said Thursday that it was forced to eliminate 25 positions and furlough 10 employees.

The cuts amount to about 7% of the company's workforce. The rest of Code42's 500-person staff will take reduced pay during the second quarter. The Minneapolis/St. Paul Business Journal reports that Code42 will continue to provide benefits for workers it has laid off, but the company did not say how long it would do so.