Massive Tech Layoffs Continue To Increase Insider Risks For Enterprises
DTEX Systems, January 23rd, 2023
The looming recession is driving big tech companies to reduce their workforce in 2023, with Microsoft being the latest to announce significant layoffs. Salesforce, Amazon, and Alphabet have also reduced headcount in recent weeks after engaging in massive hiring sprees over the past two years.
According to Layoffs.fyi, there were 154,000 layoffs from more than 1,000 tech companies last year. This shift in the hiring market can be incredibly nerve-wracking for employees, especially if they have been directly impacted by layoffs previously. It also presents significant cybersecurity risks to enterprises that aren't placing enough focus on insider threats. A recent analysis of the DTEX i3 team's real-life investigations revealed that employee termination was a major threat contributing to corporate system sabotage by malicious insiders.