CrowdStrike announced plans to cut approximately 500 jobs, representing about 5% of its workforce, as part of a strategy to streamline operations and reduce costs. The company expects to incur costs between $36 million and $53 million due to the layoffs, with a portion being recognized in the first fiscal quarter. Despite these cuts, CEO George Kurtz indicated the company will continue to hire selectively in key areas like customer support and product engineering, highlighting the ongoing demand for cybersecurity solutions amid rising cyber threats.
CrowdStrike plans to cut 500 roles, about 5% of its workforce, to streamline operations, estimating $36 million to $53 million in related charges.
The company emphasized that while some roles are being cut, it will continue selectively hiring in customer-facing and product engineering areas.
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