Reported about 24 hours ago
CrowdStrike Holdings announced plans to lay off 500 employees, representing 5% of its workforce, leading to a 5% drop in its stock. The company foresees incurring up to $53 million in charges related to these layoffs. CEO George Kurtz indicated that the integration of AI is reshaping operations and hiring strategies, emphasizing a focus on innovation and efficiency despite the workforce reductions.
Source: YAHOO