Beautiful Virgin Islands

Monday, Jul 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

Beautiful Virgin Islands
0:00
0:00
Close
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Defends Attorney General Pam Bondi Amid Epstein Memo Backlash
Renault Shares Drop as CEO Luca de Meo Announces Departure Amid Reports of Move to Kering
Senior Aides for King Charles and Prince Harry Hold Secret Peace Summit
Anti‑Semitism ‘Normalised’ in Middle‑Class Britain, Says Commission Co‑Chair
King Charles Meets David Beckham at Chelsea Flower Show
If the Department is Really About Justice: Ghislaine Maxwell Should Be Freed Now
NYC Candidate Zohran Mamdani’s ‘Antifada’ Remarks Spark National Debate on Political Language and Economic Policy
President Trump Visits Flood-Ravaged Texas, Praises Community Strength and First Responders
From Mystery to Meltdown, Crisis Within the Trump Administration: Epstein Files Ignite A Deepening Rift at the Highest Levels of Government Reveals Chaos, Leaks, and Growing MAGA Backlash
Trump Slams Putin Over War Death Toll, Teases Major Russia Announcement
Reparations argument crushed
Rainmaker CEO Says Cloud Seeding Paused Before Deadly Texas Floods
A 92-year-old woman, who felt she doesn't belong in a nursing home, escaped the death-camp by climbing a gate nearly 8 ft tall
French Journalist Acquitted in Controversial Case Involving Brigitte Macron
Elon Musk’s xAI Targets $200 Billion Valuation in New Fundraising Round
Kraft Heinz Considers Splitting Off Grocery Division Amid Strategic Review
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
EU Proposes New Tax on Large Companies to Boost Budget
Trump Imposes 35% Tariffs on Canadian Imports Amid Trade Tensions
Junior Doctors in the UK Prepare for Five-Day Strike Over Pay Disputes
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
Bitcoin Reaches New Milestone of $116,000
Biden’s Doctor Pleads the Fifth to Avoid Self-Incrimination on President’s Medical Fitness
Grok Chatbot Faces International Backlash for Antisemitic Content
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Azerbaijan and Armenia are on the brink of a historic peace deal.
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
×