F5 laying off 106 employees in Washington state as part of changes to product org
Security and application delivery giant F5 is laying off 106 employees at the company's offices in Seattle and Liberty Lake, Wash., according to a filing with the state's Employment Security Department.
Senior engineers and managers were impacted by the cuts, according to posts on LinkedIn.
A spokesperson confirmed the layoffs in a statement to GeekWire.
'Today we announced changes in our product organization to better align resources with important customer needs and our highest business priorities,' the company said. 'As part of these changes, selected roles were eliminated, while other employees were placed into new roles supporting strategic growth areas.'
F5 is supporting impacted employees with their transition to new roles or outside of the company.
F5 employed 6,557 employees as of Sept. 30, according to the company's annual filing. It has more than 60 offices worldwide.
The enterprise software giant topped estimates for its fiscal third quarter, with revenue up 12% to $780 million. GAAP net income was $190 million, up from $144 million.
The company's stock is up nearly 30% this year.
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