Rapid7 layoffs: 12% of staff, about 314 job cuts, to free up money for AI-driven products

Rapid7 is laying off about 12 percent of its staff, roughly 314 of 2,613 employees, in job cuts its new chief executive says will free up money for AI-driven products. The Boston cybersecurity company disclosed the restructuring in an 8-K filed on 10 August 2026, saying its board had approved a plan to cut about 12 percent of the workforce to "simplify the Company's operations, align resources and investments with its core platform". On the earnings call that day, chief executive Wael Mohamed, who took over two months earlier, told investors: "This restructuring marks a strategic shift in our business operations to drive efficiency and focus across the organization, aligning resources and investments to our core platform. We are also creating capacity to increase our investments in cutting-edge artificial intelligence-driven solutions that will improve customer experience and increase competitiveness in the marketplace." BankInfoSecurity, which reported the headcount, put severance and benefits at up to $11 million. Mohamed said the company cut non-headcount spending first, protected customer-facing roles, and that savings will be partly reinvested in product and engineering. It is Rapid7's second big layoff in three years, after an 18 percent cut in August 2023, and first-half 2026 revenue was $420.6 million, down 0.9 percent. The company is moving money toward AI; it does not say AI is now doing the work of the people being laid off, so this headcount reduction is an article and not a counted AI job loss. The employer-attributed AI job cuts on record are in the AI layoffs tracker on this site.