CrowdStrike Stock Slides as Cybersecurity Firm Plans Job Cuts
1. CrowdStrike plans to cut 5% of its workforce, totaling 500 jobs. 2. Layoffs will result in $36-$53 million in charges, impacting Q1 results. 3. The company aims for $10 billion in annual recurring revenue by scaling operations. 4. CEO emphasized AI's role in improving efficiencies and innovation. 5. Despite layoffs, shares are up 23% in 2025, showing resilience.