Israeli cybersecurity firm XM Cyber is undergoing a significant restructuring following the sale of its intellectual property to CrowdStrike for $600 million. This deal will result in substantial layoffs as the company adjusts its operations. Employees holding stock options are expected to receive payouts totaling tens of millions of dollars. Those who remain with the company will be offered retention bonuses to ensure continuity. The restructuring will see most employees stay with the Schwarz Group, while a smaller portion will transition to CrowdStrike.
https://www.calcalistech.com/ctechnews/article/0754rmxos