CrowdStrike to Shed 5% of Its Workforce, Stock Price Sinks 5.46% to $419 CrowdStrike to Shed 5% of Its Workforce, Stock Price Sinks 5.46% to $419
Key Moments:
- CrowdStrike disclosed it will reduce its global workforce by 5%, eliminating approximately 500 roles.
- The company attributed the layoffs to productivity gains driven by artificial intelligence. Estimated restructuring charges range from $36 million to $53 million, spanning the first two quarters of fiscal 2026.
- CrowdStrike’s shares fell over 5% on Wednesday.
Strategic Workforce Adjustments
CrowdStrike Holdings has announced plans to lay off 5% of its staff, affecting around 500 positions. This move, revealed in a recent regulatory filing, was attributed in part to efficiencies gained through the use of artificial intelligence technologies.
Despite the job reductions, the company stated it intends to continue hiring in select…
