read more. : The 2022 tech rout has been one of the toughest market downturns in recent years, affecting investments across all sectors from equities to startups. Skyrocketing interest rates are impacting early-stage companies disproportionately, as they reported receiving significantly less funding last year. Companies operating in the tech sector have reduced their expansion plans and workforces as they witnessed a 38,487% year-over-year increase in layoffs as of the first quarter. But the cybersecurity industry has persevered through this market downturn, thanks to the rising demand for tech security, especially in today's economic and socio-political climate.