F-Secure change negotiations have ended

F-Secure change negotiations have ended

F-Secure Corporation’s change negotiations announced on October 17, 2024 have ended for most group entities. The change negotiations concerned most operations within Sales, Marketing, Services and Technology, and approximately 360 F-Secure employees were within the scope of the negotiations.

At the start of the negotiations, F-Secure estimated that the change negotiations could result in a maximum of 60 redundancies, of which maximum of 37 were expected to be in Finland. As a result of the concluded change negotiations 33 positions will be terminated, of which 19 in Finland. At the end of November 2024, F-Secure employed a total of 530 people.

In connection with the change negotiations announcement, F-Secure stated that it was aiming for annual cost savings of EUR 4 million, and the company will achieve at least this level. These will be reinvested back into the company to support growth and improve sales and service maturity.

One-off costs related to the changes are approximately EUR 1.5 million, and these will be recorded as items affecting comparability (IAC) in the fourth quarter of 2024.

For more information:

Sari Somerkallio, Chief Financial Officer
tel. +358 40 3569251
investor.relations@f-secure.com

Kaisa Tikka-Mustonen, Chief People Officer
Tel. +358 40 5646456

F-Secure in Brief

F-Secure is Finland headquartered and globally operating consumer cyber security company. F-Secure offers award-winning security and privacy products and services that make every digital moment more secure, for everyone. F-Secure operates in over 100 countries, has ~200 Service Provider partners and is the global leader providing security through Communication Service Providers. F-Secure Corporation is listed on Nasdaq Helsinki Ltd. Read more: www