• Deep Instinct, an endpoint security startup, has laid off some of its employees according to two people familiar with the company. Neither the percentage nor the number of employees who were laid off was disclosed.

• According to an employee who was laid off during this week, the company cut down staff in sales and business development roles.

<ul><li> Analyst QuickTake: Deep Instinct is the latest to go through layoffs following the likes of Lacework and Cybereason. Last week, Cybereason , also an endpoint security startup, laid off nearly 100 employees (~10%) of its workforce ahead of its USD 5 billion IPO. The cloud-security firm Lacework also laid off 20% of its workforce, citing seismic shifts in both the public and private markets over the past several months. Lacework also shelved plans to go public this year, a move that came just six months after it secured one of the largest ever funding rounds in the cybersecurity industry, raising USD 1.3 billion at a USD 8.3 billion valuation.</ul>