
In late April, many employees took to Twitter to share pictures of the party and of them having a good time. However, a few days later, some of them revealed the layoffs at the company.
In a statement to TechCrunch, CEO Vinnie Liu said, "We proactively made these changes in response to the global economic situation and opportunities we identified to make our business more efficient. While demand for our solutions remains solid and our business is stable, we can't ignore the market uncertainty and investment trends in this very different global economy."
"Bishop Fox remains healthy, and we continue to be bullish about our growth and technology investments over the coming quarters and years. Our firm's cash reserves (including our Series B raise), combined with this restructuring, allow us to maintain a strong financial position that enables scale, innovation, and of course, delivery of the high-quality solutions our customers have come to expect," the CEO concluded.
Many employees termed the layoffs as "unexpected". One of them also stated that the layoffs were "due to internal restructuring."















