More local tech companies are cutting jobs


Amid the stock market downturn and tough economic conditions, the wave of local tech companies announcing job cuts and office closures is accelerating.

Security-tech company Cybereason in Boston and education-tech company Esme Learning in Newton are among the latest announcing layoffs.

Cybereason said it is cutting 10 percent of its employees, about 100 people, despite raising $325 million last year. The company had been planning to go public this year, but that looks increasingly unlikely as the stock prices of tech companies continue to plunge.

“As the bullish tech market conditions have turned and the tech IPO market has essentially

  Read more