https://layoffcheck.com/companies/crowdstrike Layoff and WARN notices reported for CrowdStrike. en-us https://layoffcheck.com/companies/crowdstrike#2025-05 https://layoffcheck.com/companies/crowdstrike#2025-05-362 Wed, 07 May 2025 12:00:00 GMT CrowdStrike said on May 7, 2025 it would cut 500 jobs, about 5% of its workforce, citing AI-driven efficiencies and a strategic push to reach $10 billion in annual recurring revenue. CEO George Kurtz framed the move in blunt terms: "AI flattens our hiring curve, and helps us innovate from idea to product faster." He added that the changes would position the company to "move faster, operate more efficiently, and continue our cybersecurity leadership." The cuts came despite strong financials: fiscal 2025 revenue grew 29% to $3.95 billion and free cash flow reached $1.07 billion. CrowdStrike said it would continue hiring in customer-facing and product engineering roles while trimming elsewhere. Charges related to the reduction, including severance, benefits, and stock-based compensation, were estimated at $36 to $53 million. The announcement came roughly ten months after the company's faulty Falcon software update disrupted 8.5 million Windows systems worldwide.