Cybersecurity giant F5 is laying off more than 100 workers at offices in Seattle and Spokane.
A total of 106 employees, including many senior engineers and managers, were affected by the layoffs, according to a filing with the Washington Employment Security Department.
“Today we announced changes in our product organization to better align resources with important customer needs and our highest business priorities,” the company said, according to GeekWire. “As part of these changes, selected roles were eliminated, while other employees were placed into new roles supporting strategic growth areas.”
F5 has 6,557 employees as of Sept. 30, across more than 60 offices worldwide.
The company’s stock is up nearly 30% this year. On July 30, F5 reported the company earned $780 million in this year’s Q3, a 12% growth compared to this time last year.
According to quarterly GAAP net income and revenue reports obtained by “The Gee and Ursula Show,” last quarter was F5’s best-performing quarter financially in the last 10 years.
More tech layoffs in Puget Sound region
Oracle revealed it will cut 161 jobs in Seattle.
The tech giant announced that the layoffs will occur in October, according to the Employment Security Department. Roles affected include members on the Oracle Cloud Infrastructure teams, data center operations technicians, and technical project managers.
GeekWire reported the company is under pressure to trim costs amid rising investments in AI, including its $500 billion “Stargate” investment.
Additionally, T-Mobile, based in Bellevue, announced it had laid off an undisclosed number of employees in its IT organization earlier this month.
According to a filing with the state’s Employment Security Department, F5, a security and application delivery giant, announced it is laying off 106 employees at the company’s offices in Seattle and Liberty Lake.
Microsoft recently laid off more than 15,000 people globally.
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