Rapid7 Cuts 12% of Workforce — Roughly 310 Jobs — Amid Revenue Decline

NewsData.io · United States · Aug 10, 2026

Cybersecurity firm Rapid7 announced it is eliminating approximately 12% of its workforce, or roughly 310 positions, as part of a restructuring plan approved by its board on August 7. The cuts come despite the company beating Q2 earnings and revenue estimates, with the move aimed at sharpening focus on detection and response and exposure management. Severance costs are expected to run $10–$11 million, with most payouts completed by year-end, though some international eliminations may extend past Q4 due to local consultation requirements. This marks Rapid7's second significant workforce reduction in three years, following an 18% cut in August 2023.