CrowdStrike announced it will lay off 5% of its global workforceâapproximately 500 employeesâas part of a strategic plan to boost efficiency while scaling its business. Despite the layoffs, the company intends to hire in specific strategic areas in the coming fiscal year. CEO George Kurtz emphasized that these changes will enable the company to operate more efficiently and reinforce its leadership in cybersecurity. CrowdStrike, well-known for its role in cybersecurity incidents, recently faced scrutiny for a past software update failure affecting millions of devices.
CrowdStrike's decision to lay off 5% of its workforce aims to streamline operations and focus on strategic hiring, targeting a $10 billion revenue goal.
These changes position us to move faster, operate more efficiently, and continue our cybersecurity leadership, according to CEO George Kurtz's statement.
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