The chief executive officer of Pegasus spyware creator NSO Group is stepping down, effective immediately, the company confirmed on Sunday, and 100 employees are being let go as part of a reorganization process, according to reports.
CEO Shalev Hulio, one of the founders of the Israeli technology firm, will be handing over operations to chief operating officer Yaron Shohat as part of the reorganization.
“NSO Group announced today the company will reorganize and CEO Shalev Hulio will step down,” a company spokesperson said in a statement to The Guardian, without elaborating on exactly why Hulio is stepping down.
The reorganization “will examine all aspects of its business, including streamlining its operations to ensure NSO remains one of the world’s leading hi-tech cyber intelligence companies, focusing on Nato-member countries,” the spokesperson added….