Splunk stock crashed 25% today it was overpriced and they were expecting revenues for their on-premise hosting to take off but it hadn't. When revenues peak they have to cut costs more random and unplanned layoffs cumming. Cheerio.
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This company ain't going no where they k–led off perpetual licensinging in November 2019 to force customers to subscription cloud or term licensing. They support a single tenant on-premise hosted service for their customers which is not scalable or supportable and requires constant hiring of employees to support. This is not cost effective or feasible and is not profitable because the overhead costs for people are so high. It's over.