{"id":243032,"date":"2026-07-14T07:03:00","date_gmt":"2026-07-14T11:03:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/07\/14\/rapid7-snyk-cut-cybersecurity-jobs-after-ceo-changes\/"},"modified":"2026-07-14T07:20:10","modified_gmt":"2026-07-14T11:20:10","slug":"rapid7-snyk-cut-cybersecurity-jobs-after-ceo-changes","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/07\/14\/rapid7-snyk-cut-cybersecurity-jobs-after-ceo-changes\/","title":{"rendered":"Rapid7, Snyk cut cybersecurity jobs after CEO changes"},"content":{"rendered":"

Rapid7, Snyk cut cybersecurity jobs after CEO changes<\/a><\/p>\n

https:\/\/www.bostonglobe.com\/2026\/07\/14\/business\/rapid7-layoffs-snyk-cybersecurity-jobs\/<\/a><\/p>\n

Publish Date: 2026-07-14 07:03:00<\/a><\/p>\n

Source Domain: www.bostonglobe.com<\/a><\/p>\n

Author: <\/a><\/p>\n

Using an unordered list, summarize the following article with between 4 and 8 key points. With the release of new AI models, such as Anthropic\u2019s Mythos, which was briefly banned by the White House, the cybersecurity industry is under extreme pressure to counter the threat of AI-powered hackers while also using the technology to make their own operations more efficient. Boston has seen a crop of new cybersecurity companies, such as 7AI and Realm.Security, using AI from the start, while older, more established players such as Rapid7 and Snyk scramble to adapt.Both of those companies appointed new CEOs earlier this year as they sought to adapt to the rapid changes brought on by AI, among other factors. At Rapid7, Wael Mohamed, a 30-year industry veteran who has run several cybersecurity companies, took over for longtime CEO Corey Thomas last month. The company\u2019s stock has jumped 42 percent since the change.At Snyk, CEO Peter McKay stepped down in April after six years, saying the company needed to find \u201ca visionary, AI-immersed leader.\u201d Chief financial officer Ken MacAskill took over as interim CEO.After taking the helm at Rapid7 last month, Mohamed said the company would need both to use AI for itself and to help customers defend against AI-powered attacks. \u201cWe are in a place where we\u2019re going to have to reimagine how machines and humans are going to be working together,\u201d he said, speaking at the William Blair investor conference in Chicago. \u201cWe\u2019re excited that that same technology that\u2019s going to put tremendous pressure on our industry in the short term, it will become an enabler to allow us to do things we could not do in the past.\u201dRapid7\u2019s existing customer base gives it an advantage over its newer, AI-focused rivals, according to cybersecurity engineer David Hunt, who left the company earlier this year. Hunt founded a new company, Pink Duck, based in Reading, to research how AI can be used to attack and defend computer systems.\u201cThe challenge for Rapid7 is can they figure out how to leverage AI before one of the small companies is able to grab some of their big customers,\u201d Hunt said.Snyk and Rapid7 have also been under pressure for the past few years after the Federal Reserve raised interest rates and investors lost patience with tech companies losing money, Deidre Diamond, CEO of cybersecurity recruiting firm CyberSN in Boston, said. Rapid7 laid off almost 20 percent of its workforce in 2023, and Snyk made three rounds of job cuts in 2022 and 2023. \u201cI call it the slow bleed,\u201d Diamond said, noting that interest rates remain elevated. \u201cI think a lot of organizations now wish they had just done deep, deep cuts instead of just these smaller cuts.\u201dJust 18 months ago, Snyk was talking about adding 250 jobs. But interim CEO MacAskill has said he is adjusting the company to account for the growing popularity of AI programming apps.Previously, Snyk helped human programmers ensure that the open source code they used was secure. Now the company is focusing more on securing code written by AI apps, making sure AI \u201cagents\u201d that make decisions and perform tasks don\u2019t introduce vulnerabilities. \u201cThe way software gets built is changing faster than at any point in our careers, with AI and autonomous agents writing, deploying, and modifying code, and creating more security problems our customers face right now,\u201d MacAskill wrote on the company\u2019s blog last month. \u201cWe are simplifying our structure so we can move faster for you, and that includes reducing the size of some teams.\u201d Aaron Pressman can be reached at aaron.pressman@globe.com. Follow him @ampressman.
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