Closely watched cybersecurity startup Snyk has parted ways its chief legal officer as well as its legal ops chief less than a year after the pair joined the Boston-based company from the cloud communications platform Twilio.

The departures come as Snyk, a once-high-flying unicorn that was valued at $8.5 billion in a funding round last year, eliminates 198 jobs, or 14% of its workforce. The cuts stem from “continued headwinds facing the global economy,” according to a Monday blog post from CEO Peter McKay.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]