Data analytics firm Splunk Inc. and electric car maker Rivian Automotive Inc. announced layoffs today amid what is shaping up to be the biggest job cuts in the tech industry since the end of the dot-com bubble in the early 2000s. Splunk is cutting 4% or about 325 employees, most in its North American offices. ...

Shares in Dynatrace Inc. surged in regular trading today after the software intelligence platform provider delivered a strong beat and outlook in its latest earnings report. For its third fiscal quarter that ended Dec. 31, Dynatrace reported earnings before costs such as stock compensation of 25 cents a share, up from 18 cents in the ...

Israeli cloud security startup Gem Security Inc. today launched out of stealth mode with the announcement of $11 million in funding and its first product, Cloud TDIR, a threat detection, investigation and response platform. Co-founded by Chief Executive Officer Arie Zilberstein, Chief Technology Officer Ron Konigsberg and Vice President of Product Ofir Brukner, all former members ...

Phishing detection and response solutions company Cofense Inc. today announced Cofense Protect+, a new product that brings automated email security solutions to the mid-size market. The new product is designed to address the increasing issues mid-market organizations face from cyberattack surfaces and email threats while at the same time finding themselves resource- and budget-constrained. Cofense argues ...

Google LLC recently informed customers of Google Fi, the company’s mobile virtual network operator service, that their data may have been breached because of “suspicious activity relating to a third party system that contains a limited amount of Google Fi customer data.” The email to customers did not name who the third party was, referring ...

PayPal Holdings Inc., Workday Inc. and HubSpot Inc. are the latest tech companies to announce layoffs as firms large and small attempt to cut costs to deal with a slowing economy. PayPal leads the list, announcing that it plans to lay off 2,000 employees or about 7% of its workforce. In a letter to employees, President and ...

Shares in Snap Inc. plunged in late trading after the company predicted a revenue decline of up to 10% in the first quarter of 2023. For the fourth quarter that ended Dec. 31, Snap reported earnings per share before costs such as stock compensation of 14 cents, up from a penny a share in the ...

Shares in Commvault Systems Inc. fell slightly in regular trading today after the data protection provider reported lower-than-expected fiscal third-quarter earnings. For the quarter that ended Dec. 31, Commvault reported earnings before costs such as stock compensation of 62 cents per share, down from 67 cents per share in the same quarter of last year. Revenue ...

Service level observability startup Nobl9 Inc. announced today that it has raised $15.8 million in new funding for product development, increased customer service and further education of the community about the power of service-level objectives. ServiceNow Inc. and Cisco Systems Inc. led the Series C round, with existing investors Battery Ventures and CRV also participating. Including ...

A new report from researchers at Armorblox Inc. today warns of a recent malicious email campaign that attempted to trick users into believing the emails were from DocuSign Inc. to steal sensitive login credentials. The attack was first detected earlier this month, targeting more than 10,000 end users across multiple organizations. While Armoblox detected and blocked the ...