Boston cybersecurity company Rapid7 to lay off 470 Workers

By Samuele Petruccelli • Published August 8, 2023 • Updated on August 9, 2023 at 7:31 am

Rapid7 signage has been installed at their new North Station location.

Boston-based cyber-security company Rapid7 announced hundreds of layoffs in an earnings call Tuesday evening.

The company announced a “restructuring plan” to eliminate 18% of its workforce. It had more than 2,600 full-time employees as of the beginning of the year and over 700 employees in Massachusetts, according to documents filed with the securities and exchange commission and BBJ research.

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