Rapid7 Cuts 12% of Staff, About 310 Jobs, in Pivot to AI-First Cybersecurity Platform

Rapid7 posted Q2 EPS of 44¢ on $210.9M revenue — beating estimates — then said it will cut about 310 roles, 12% of its 2,613-person headcount, at a $10–11M charge. New CEO Wael Mohamed framed the reset as narrowing focus onto an AI-first exposure-management and detection-and-response platform rather than a broad product portfolio; full-year adjusted EPS guidance was raised to $1.78–$1.83. It's Rapid7's second major cut in three years after an 18% reduction in August 2023.