CrowdStrike Stock Is Dropping After Layoffs News. AI Is One Reason.
1. CrowdStrike to cut 500 jobs, about 5% of its workforce. 2. Layoffs aim for greater efficiency, influenced by AI advancements. 3. Company plans to hire in key areas while reducing roles. 4. Estimated layoff costs of $36 million to $53 million noted. 5. Stock fell 2.1% in premarket trading following the announcement.