London Daily

Focus on the big picture.
Friday, Mar 14, 2025

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

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

In late April, many employees took to Twitter to share pictures of the party and of them having a good time. However, a few days later, some of them revealed the layoffs at the company.
US-based cybersecurity firm Bishop Fox laid off 13 per cent of its workforce or 50 employees just a few days after it hosted a grand party for its employees, as per a report in TechCrunch. The company hosted a party at the RSA cybersecurity conference where it reportedly offered branded beverages it referred to as "cyber soup". The organisation will have "other events in Vegas later this year," according to Bishop Fox's official Twitter account, referring to the Black Hat and DefCon security conferences held there annually.

In late April, many employees took to Twitter to share pictures of the party and of them having a good time. However, a few days later, some of them revealed the layoffs at the company.


Bishop Fox spokesperson Kevin Kosh said in an email to the outlet 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. The reception followed that for the participants, team, industry friends and RSA attendees." Mr Kosh further informed the outlet that the firm had around 400 employees before the layoffs on May 2.

In a statement to TechCrunch, CEO Vinnie Liu said, "We proactively made these changes in response to the global economic situation and opportunities we identified to make our business more efficient. While demand for our solutions remains solid and our business is stable, we can't ignore the market uncertainty and investment trends in this very different global economy."

"Bishop Fox remains healthy, and we continue to be bullish about our growth and technology investments over the coming quarters and years. Our firm's cash reserves (including our Series B raise), combined with this restructuring, allow us to maintain a strong financial position that enables scale, innovation, and of course, delivery of the high-quality solutions our customers have come to expect," the CEO concluded.

Many employees termed the layoffs as "unexpected". One of them also stated that the layoffs were "due to internal restructuring."
Newsletter

Related Articles

0:00
0:00
Close
Meta Set to Introduce Community Notes Feature in March as Part of New Content Moderation Approach
Trump Family in Discussions for Investment in Binance
UK Prime Minister Suggests Significant Changes to the Governance of the National Health Service.
France Takes Strong Stance Against Potential US Tariffs on Alcoholic Drinks
Donatella Versace to Resign as Creative Director Following Almost 30 Years.
Trump's Ambassador Nominee Confirmed Canada’s Autonomy in the Face of Trade Strains
Netanyahu Rejects UN Conclusions on Gaza as 'Untrue'
Trump Speaks on the Possibility of a Ukraine Ceasefire Amid Continued Tensions
Trump Reaffirms Interest in Greenland Acquisition Amid Geopolitical Issues
French Prime Minister Bayrou Declares Position Against US Tariff Menaces
These are currently increasing in the UK.
Trump's Encounter with the Irish Prime Minister Takes an Unforeseen Twist Regarding Fashion and Economic Matters.
Isabel, a Russian native, wed Zahid Ali Khan, describing it as "love at first sight." She adores him for his character, not his $740 million fortune.
Chair Refers to Transgender Representative as 'Mr. McBride' During Congressional Meeting
The ICC's Revenge on Behalf of Drug Dealers, Against Philippine President Duterte, Who Fought Them and Saved 100 Million Filipinos from the Drugs-Death Industry—ignoring the fact that every victory comes at a cost
Canada Expresses Concerns Regarding U.S. Trade Policies Before G7 Meeting
FBI Alerts of Increasing Smishing Scams Aiming at Mobile Users
World Bank Officials Facing Examination for Travel-Related Carbon Emissions
EU and Canada Declare Countermeasures in Response to U.S. Steel and Aluminum Tariffs
Tiger Woods and Elin Nordegren: An In-Depth Exploration of Their Marital Struggles and Current Co-Parenting Efforts
Ex-Philippine President Rodrigo Duterte Detained in Manila Under ICC Warrant
Mark Carney Chosen as Head of Canada's Liberal Party, Poised to Assume Role of Prime Minister
Russia Kicks Out British Diplomats in Escalated Tensions
Significant Rescue Effort in Progress Following Collision Between Tanker and Cargo Ship in the North Sea
Pope Francis Exhibits Signs of Recovery, Yet Remains Hospitalized
Report of Radioactive Coolant Leak at Europe’s Largest Nuclear Reactor
Trump Administration Launches Self-Deportation App for Undocumented Immigrants
Syria Wraps Up Military Campaign Amid Extensive Violence and Large-Scale Executions
Trump Remarks on the Arrest of a Pro-Palestinian Student at Columbia University
Former Labour MP Mike Amesbury to Resign Following Assault Conviction
Chancellor Rachel Reeves Prepares for Spring Statement Amid Economic Challenges
Home Secretary Denies Public Inquiry into Sir David Amess's Murder
UK Energy Bills to Increase by 80 Pence to Support Discounts for Households Near Pylons
Russian Teacher Under Investigation After Explicit Content Incident in Classroom
Poland Plans Comprehensive Military Training for All Adult Males Amid Enhanced Defense Initiatives
Lithuania Withdraws from Cluster Munitions Convention Amid Security Concerns
Escalating Vandalism Targets Tesla Amid Political Controversies
Former Security Adviser Cautions That UK Troop Presence in Ukraine May Last for Years
Demonstrations Break Out as Individual Ascends Big Ben Carrying Palestinian Flag
Reform UK MP Rupert Lowe Suspended Amid Allegations of Violence and Bullying
Private spacecraft Athena has successfully landed close to the Moon's south pole.
Trump Administration Unveils Gold Card Visa Program Exempting Foreign Assets from U.S. Taxation
Trump Holds White House Summit for Cryptocurrency Leaders Amid Financial Scandals
Ukraine's Foreign Minister Highlights the Importance of the US in Attaining Peace
Trump Discovers Negotiating with Russia More Manageable than with Ukraine During Ongoing Conflict
Google Eliminates Women's History Month and Various Cultural Celebrations from Calendar App
Pope Francis Offers Thanks Despite Continuing Health Issues
King Charles III Reveals Curated Playlist on Apple Music in Anticipation of Commonwealth Day.
Disney's Biggest Cruise Ship Set to Debut in Singapore
Pamela Bach-Hasselhoff, the former 'Baywatch' star, tragically took her own life at the age of 62.
×