Security News > 2023 > February > Cybersecurity layoffs in 2023: What to expect?

The economic downturn predicted for 2023 will lead to layoffs but cybersecurity workers will be least affected, says the latest² report.

"Asked to rank business functions most likely be involved in a first round of layoffs, 31% of respondents cited cybersecurity as the least likely to be impacted. In comparison, a far higher number of respondents ranked HR, sales and operations higher for likely job cuts,"² noted.

Factors playing a role in potential 2023 cybersecurity layoffs.

Judging by the respondents' answers, junior cybersecurity staff is more likely to get the ax than senior team members, managers and cybersecurity executives.

Another reason why cybersecurity workers are the least likely to be made redundant is executives' awareness of how difficult it is to recruit skilled cybersecurity professionals because of a global cybersecurity skills shortage.

"The importance placed on cybersecurity professionals, even during uncertain economic times, suggests that top executives understand the critical need for a strong cybersecurity team now more than ever," commented Clar Rosso,² CEO. "This is not surprising given the upward trend in recent years where a weakening economy combined with political tensions has led to increased cyber threats. A key test for executives in 2023 will be their ability to sustain their commitment toward strengthening their organizations' resilience against evolving cyberthreats amid emerging budgetary pressures."

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