Rapid7 Inc (RPD) News & EventsRPDRapid7 Inc

Company Announces Layoff Plan, Restructuring Costs Expected to Reach $10 to $11 Million

As part of its Q2 earnings announcement yesterday, the company stated: "During the second quarter of 2026, the Company initiated a restructuring plan to streamline its organizational structure and better align resources and investments with its Core Platform Solutions, under which approximately 12% of the Company's workforce was notified that their positions would be affected. In connection with this plan, the Company expects to incur restructuring charges of approximately $10 million to $11 million, consisting primarily of severance and related employee costs, substantially all of which are expected to be paid during the third and fourth quarters of 2026 and excluded from the Company's non-GAAP results."