• CrowdStrike is laying off about 500 employees, or 5% of its global workforce, to improve operational efficiency.
• The company will continue hiring in customer-facing and product-engineering roles while cutting other positions.
• It expects to incur $36–$56 million in charges related to severance, benefits, and stock-based compensation.
• The layoffs follow weaker-than-expected earnings guidance and a Q4 loss, though the company reaffirmed its full-year outlook.
https://www.wsj.com/business/crowdstrike-to-cut-5-of-workforce-8eda42ed