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Cyren Slashes Almost All Of Its Staff, Eyes Liquidation  

Cyren, a publicly traded cybersecurity vendor, has announced that it is letting go “substantially all” of its employees and considering “all of its strategic options, including potential asset monetization or liquidation.” So reports CRN.

CyrenCyren’s “existing cash and projected cash flows from operations will not be sufficient to meet the company‘s working capital needs in the near term,” the company said in a statement.

The company, whose CEO is industry veteran Brett Jackson, said the job cuts would affect about 121 people.

Read the full article from CRN.

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