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CrowdStrike layoffs to hit 500 staff as firm targets strategic AI shift


Security giant CrowdStrike has revealed it will lay off 500 workers as part of “strategic plans” to reach $10 billion in annual recurring revenue (ARR) — with hopes AI can help get it there.

CrowdStrike made headlines last summer after a defect in an update dramatically knocked offline a wide range of businesses using Microsoft software. That global IT failure sparked a shareholder lawsuit as well as a $500 million damages suit from customer Delta.


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