F5 Lays Off 623 Staffers as Customers Postpone New Purchases

Application Security Vendor Pursues $130M Cost Savings by Slashing 9% of Workforce
Application security and delivery vendor F5 will shrink its workforce by 9% due to customers delaying purchasing decisions amid macroeconomic uncertainty. The Seattle-based firm will lay off 623 of its 7,100 employees as part of a cost-cutting effort that includes reducing F5's facilities footprint.

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