Mass layoffs: Cyren to swing the axe on almost its entire workforce

Cyren is cutting "substantially all" of its staff with layoffs of 121 employees as the cybersecurity vendor says it is exploring an asset sale or liquidation. The publicly traded company said in a news release that "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's stock price fell 44 per cent, to 42 cents a share. The email security and threat detection vendor blamed "current mar...