Firm with Miami arena naming rights is cutting 200 jobs. What’s next for Kaseya?

Miami-based software firm Kaseya, whose name dots the Heat’s county-owned basketball arena and which received government incentives for creating jobs, has eliminated about 200 positions.

About 50 of them were based in Miami, Xavier Gonzalez, chief communications officer, told the Miami Herald on Wednesday.

“Kaseya has made organizational changes designed to position the company for long-term growth,” he said in an emailed statement.

The layoffs, first reported by the South Florida Business Journal, involve about 200 jobs. They are being reduced as part of a “focused investment strategy” and a company shift toward what it dubs are “strategic priorities,” the executive said.

For example, Kaseya is hiring in customer-facing, product and engineering roles globally. The company is planning on accelerating international expansion and doing more in innovation, “particularly in AI-driven capabilities,” Gonzalez said.

Kaseya, which makes software that helps companies manage IT and security, was founded in 2000 in Silicon Valley and relocated to Miami around 2015.

In February 2023, the company was awarded as much as $4.6 million in subsidies from Miami-Dade County in exchange for going on a big local hiring spree.

Two months later, Kaseya won naming rights to the downtown arena where the Miami Heat plays basketball. The contract runs until 2040.

These job cuts aren’t the company’s first. In April 2024, Kaseya let go of about 150 employees. At that time, Gonzalez termed them “performance-based” reductions.

The company has also recently made changes at the top.

In June, Rania Succar took over as chief executive officer. Fred Voccola, chief executive since 2015, stepped down in January 2025 and became vice chairman of the company’s board.

This story was originally published October 22, 2025 at 6:21 PM.