US Company Throws Lavish Party For Employees, Then Lays Off 13 Per Cent Workforce

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According to TechCrunch, Bishop Fox, a US-based cybersecurity firm, fired off 13% of its workforce, or 50 employees, just a few days after throwing a big party for its employees. The corporation apparently organized a party at the RSA cybersecurity conference and served branded beverages dubbed cyber soup.

According to Bishop Fox’s official Twitter account, the organization will have “other events in Vegas later this year, referring to the annual Black Hat and DefCon security conferences.

Many employees took to Twitter in late April to share photos of the celebration and themselves having a wonderful time. However, a few days later, some of them exposed the company’s layoffs.

In an email to the outlet, Bishop Fox spokesperson Kevin Kosh stated that they had a space at RSA “reserved many months in advance and was primarily secured for the purposes of the day-long livestream (mirroring the one we did for DefCon), which was a forum to engage, and share knowledge with the larger community.

Following that was a reception for the participants, team, industry colleagues, and RSA attendees. Mr. Kosh also told the media that the company had roughly 400 employees before the layoffs on May 2.

CEO Vinnie Liu told TechCrunch, We made these changes proactively in response to the global economic situation and opportunities we identified to make our business more efficient.

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