DisruptionJul 13, 2026, 08:01 AM
Alarum Technologies Cuts Workforce by One-Third Amid Network Disruption
AI Summary
Alarum Technologies Ltd. provided an update on the ongoing disruption to its subsidiary NetNut Ltd.'s proxy network operations, stating the exact root cause remains unknown. The company has initiated a comprehensive review by external cybersecurity and forensic experts. In response to current business conditions, Alarum is implementing an operational efficiency plan that will affect approximately one-third of its workforce through potential terminations and unpaid leave. The company is also actively evaluating options to restore service and business activity.
Key Highlights
- Company still does not know the exact root cause of NetNut's proxy network disruption.
- Appointed an external investigation team of cybersecurity and forensic experts.
- Implementing an operational efficiency plan affecting approximately one-third of the workforce.
- Measures include potential employment termination and unpaid leave for employees.
- Actively evaluating alternatives to restore service availability and resume business activity.
Price Impact
More from ALAR