Crowdstrike announces about 5% job cuts, says that “remodel each industry”

Software manufacturer for cybersecurity Crowdstrike On Wednesday, he plans to withdraw 500 employees, which accounts for about 5% of his workforce, the CEO of George Kurtz step, he said he reflects success in artificial intelligence.

“AI has always been fundamental for how we work,” – wrote the curtam in the note included in the Submission of securities. “AI smoothes our hiring curve and helps us more to innovate from the idea to the product.

Last month leaders Box. Duoling and Shop All employees sent to accept AI tools in different departments.

Crowdstrike also confirmed its forecast for its current fiscal year, which ends in January and said he expects to work in “key strategic areas” for the rest of the year. On Wednesday, the shares fell about 5%to close at $ 421.52.

The company is working on expanding its organizations to market and customers as it is aimed at earning $ 10 billion in annual income, Kurtz said. In February, Crowdstrike reported increased revenue by 25% to $ 1.06 billion, but it was the second quarter with a net loss.

“We rearrange the parts of our business to continue scaling with focus and discipline,” Kurtz wrote in a letter Wednesday.

While Crowdstrike attributes dismissal from II, economic and market uncertainty leads to job reduction elsewhere. Autodesk said in February what would be reduce its labor force on 9%and server manufacturer Hewlett Packard Enterprise said in March what it was delay with 5% of one’s staff. It was all before President Donald Trump The announcement of new tariffs for goods imported in the US last month overcame the US markets.

Crowdstrike said his dismissal should be carried out by the end of the financial second quarter and lead to $ 36 million to $ 53 million.

Even after the slide on Wednesday this year, the shares increased by 23%, exceeding NASDAQ, which decreased by about 8%.

See: Chris Veroun says that in cybersecurity stocks there is more opportunity to run