Rapid7 is reducing its workforce by approximately 12% as the cybersecurity company restructures around its core platform and increases investment in AI-powered security operations.
The company initiated the restructuring during the second quarter of 2026 to streamline its organizational structure and better align resources with its Core Platform Solutions. Approximately 12% of Rapid7 employees were notified that their positions would be affected. Rapid7 expects restructuring charges of approximately $10 million to $11 million, primarily consisting of severance and related employee costs.
The restructuring is occurring alongside an explicit shift toward an AI-first platform strategy. Rapid7 has added a new leadership team that includes CFO Rafe Brown, Chief Commercial Officer Allan Peters and Chief Product and Technology Officer Dejan Deklich, with Deklich tasked with helping build the company’s AI-first platform.
Rapid7 has also gained access to OpenAI’s Trusted Access for Cyber program, integrating models such as GPT-5.5 into its Agentic SOC workflows. The company said the technology has helped accelerate telemetry triage and reduce false-positive queue times by 25%. Rapid7 separately joined Anthropic’s Project Glasswing to support defensive engineering, deep code reviews and automated vulnerability patching.
The company reported $210.9 million in quarterly revenue and $824 million in ARR, both down modestly year over year. Rapid7 generated $31.9 million of free cash flow and ended June with $702.6 million of cash, cash equivalents and government securities.
KEY QUOTES:
“Rapid7 is a good company ready to be great, but getting there requires clear choices, strong execution, and the discipline to focus on what matters most.”
“The steps we’re taking align our resources and investment behind our core platform and the AI foundation that connects it, giving us more capacity to invest, innovate, and serve our customers well.”
Wael Mohamed, CEO of Rapid7
