In an 8-K filing, CrowdStrike said the layoffs were part of a “a strategic plan (the ‘Plan’) to evolve its operations to yield greater efficiencies as the Company continues to scale its business with focus and discipline to meet its goal of $10 billion in ending [Annual Recurring Revenue].”
https://techcrunch.com/2025/05/07/crowdstrike-says-it-will-lay-off-500-workers/