The executive added that the workforce reduction comes amid an effort by Malwarebytes to split its consumer and enterprise businesses into two separate companies. The deal will be officially announced in the coming weeks, Kleczynski detailed.
Malwarebytes recently acquired a startup called Cyrus Security that developed a cybersecurity application for consumers. The application can detect if a user’s personal information appears on hacker forums and also provides a number of other features, including a built-in VPN. The technology that Malwarebytes obtained through the acquisition could help enhance the product portfolio of its consumer business following the corporate split.