CRWD Stock Recent News

CrowdStrike Holdings (CRWD) shares slid Wednesday, a day after the cybersecurity company said in a regulatory filing it plans to cut roughly 500 jobs, or 5% of its workforce.

CrowdStrike Holdings Inc (NASDAQ:CRWD) said it will lay off 500 workers to reduce costs as artificial intelligence takes more of a role in its operations.  Removing around 5% of the cybersecurity group's current employees was said to be about reducing costs.

Cybersecurity giant CrowdStrike said on Wednesday that it would lay off 5% of its global workforce, which amounts to about 500 workers.

According to CrowdStrike's CEO, the company's pivot to AI would allow it to “move faster” and “operate more efficiently.”

CrowdStrike said it will cut about 500 jobs, or 5% of its global workforce, as part of a plan to drive efficiencies in the business.

CrowdStrike will cut hundreds of jobs, as artificial intelligence reshapes the cybersecurity business.

CrowdStrike reiterated its fiscal 2026 first quarter and annual forecasts on Wednesday and announced a plan to cut about 500 roles, roughly 5% of its workforce, to reduce costs.

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CrowdStrike (CRWD -0.95%) is still recovering from the reputational damage caused by an outage for millions of customers.

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