CrowdStrike Stock Is Dropping After Layoffs News. AI Is One Reason. - Barron's
1. CrowdStrike plans to cut 500 jobs, around 5% of workforce. 2. Layoffs aimed at improving efficiency, driven by AI advancements. 3. Strategic hiring will continue in critical areas despite job cuts. 4. Expected charges from layoffs estimated between $36 million and $53 million. 5. Stock fell 2.1% in premarket trading due to layoffs announcement.