Cybersecurity powerhouse CrowdStrike is trimming its global headcount by 5% as part of a cost-cutting plan to drive the company toward its long-stated goal of $10 billion in annual recurring revenue.
The cuts will affect approximately 500 employees and will span the first half of fiscal 2026 and leave room for “continued hiring in key strategic areas,” the endpoint-security vendor said.
In an SEC filing, CrowdStrike management said it expects the layoffs to generate between $36 million and $53 million in charges, including up to $26 million in cash severance and benefits and as much as $20 million in non-cash stock-compensation expenses.
CrowdStrike said $7 million of those costs will hit the books in its current quarter, with the bulk recorded in the following period.
The company said it aims to complete the cuts by the end of its fiscal second quarter, which closes July 31, 2025.
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