BUZZ-CrowdStrike to layoff about 5% of its workforce; shares down

Reuters
05-07
BUZZ-CrowdStrike to layoff about 5% of its workforce; shares down

** Shares of cybersecurity company CrowdStrike CRWD.O fall 2.2% to $433.48 premarket

** CRWD to layoff about 500 employees, roughly 5% of its workforce, and will incur about $36 mln to $53 mln in charges related to layoffs, of which about $7 mln will be recognized in Q1 ended April 30

** Co expects 2026 Q1 results to be in-line or above forecast; reaffirms guidance for FY 2026

** CRWD will release Q1 results on June 3 after markets close

** As of last close, CRWD up 29.5% YTD vs S&P 500 information technology index's .SPLRCT decline of nearly 10%

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))

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