Security News > 2020 > June > Sophos puts 100 at risk of redundancy as future of Naked Security blog hangs in balance
Sophos has placed 100 staff at risk of redundancy and is said to be shutting down its Naked Security blog, sources have told The Register - although the private equity-owned biz denied this.
Sophos spokeswoman Tilly Travers told The Register: "We can assure you that Naked Security is fully functioning and will remain that way."
If Sophos put those staff on furlough now instead of making them redundant, their salaries would be guaranteed by the state with Sophos paying, eventually, 20 per cent of that, up to a capped maximum of £2,500 a month.
Sophos could be seen as making 100 staff redundant to avoid a monthly recurring furlough bill of up to £50,000, based on paying 20 per cent of £2,500 for a hundred people.
In an all-staff email chief exec Kris Hagerman said: "Affected employees or their Works Council representatives, where applicable, have now been notified. For some affected employees, this is the start of a period of consultation. Others are now entering a transition period leading up to their departure, with some employees leaving Sophos this week. Approximately 16 per cent of all Sophos roles are potentially impacted."