Rapid7 is initiating a restructuring process that will involve shedding 18 percent of its workforce after net losses widened over the most recent quarter. The NASDAQ-listed security info and event management biz reported turnover from sales of $190.4 million for calendar Q2, up 14 percent year-on-year, and a loss of $66.7 million versus a loss of $39.6 million.

Source: The Register