CrowdStrike announces the layoff of 500 employees in a letter to its staff. This is necessary to ‘make the company more efficient and able to move faster’.
Cybersecurity company CrowdStrike is laying off five hundred employees, which amounts to five percent of its total workforce. The company has its own reasons for this, including the need to work more efficiently. Moreover, CrowdStrike aims to achieve an annual revenue of ten billion dollars, and AI investments are also high on the list.
‘Evolving business model’
‘We are operating at a market and technology inflection point, with AI reshaping every industry, accelerating threats, and changing customer needs. To lead at scale, with nearly 10,000 CrowdStrikers and a clear path to ten billion dollars in ARR, we are evolving our way of working.’ Writes George Kurtz, CEO at CrowdStrike, in a letter to the staff.
The letter does not indicate which departments would be affected. Moreover, it has not yet been announced which countries will be impacted. Despite the layoffs, CrowdStrike will continue to recruit new talent for ‘important, strategic positions’.
CrowdStrike made extensive headlines last summer after more than 8.5 million Windows devices were affected by a faulty update.