Overview

• CrowdStrike is laying off 500 employees, about 5% of its workforce, as part of a strategic plan to streamline operations and scale efficiently.
• The company expects to incur between $36 million and $53 million in charges related to the layoffs, with $7 million recognized in Q1 of fiscal 2026.
• Despite the reductions, CrowdStrike reaffirmed its fiscal 2026 revenue forecast of $4.74–$4.81 billion and adjusted earnings per share of $3.33–$3.45.
• CEO George Kurtz emphasized artificial intelligence as a key driver of innovation, cost savings, and operational efficiency, describing it as a 'force multiplier' for the business.
• The company plans to continue hiring selectively in strategic areas, aligning with its goal of reaching $10 billion in annual recurring revenue.