Dragos Lays Off 9% of Workers as OT Security Spending Slows

50 Staffers Axed as Dragos Sees Longer Sales Cycles and Smaller Initial Deployments
Dragos has axed 50 workers after longer sales cycles and smaller initial deployment sizes caused the industrial cybersecurity vendor to miss its first quarter revenue target. Dragos revealed plans to reduce its staff by 9% to ensure the company can stay independent through an IPO or Series E round.

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