🛡️📉💼 CrowdStrike Reaffirms Outlook, Cuts 500 Jobs to Streamline Costs
🔹 Summary:
CrowdStrike reaffirmed its fiscal 2026 Q1 and full-year forecasts while announcing ~500 layoffs (~5% of its workforce), aiming to reduce costs amid continued demand for cybersecurity services.
The company expects up to $53M in layoff-related charges, with most recognized in Q2, as it prepares to report Q1 results on June 3.
🔹 Key Points:
• Full-year 2026 revenue guided at $4.74B–$4.81B; adjusted EPS forecast at $3.33–$3.45.
• Q1 revenue projected at $1.10B–$1.11B, with ~$7M in layoff costs recognized this quarter.
• Layoff charges primarily cover severance, benefits, and related expenses.
• CrowdStrike had 10,118 employees as of January 31, per its annual report.
• Strong reputation maintained after last year’s Windows outage response, sustaining customer trust.
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