<ul><li>Cybersecurity firm CrowdStrike is set to lay off 500 employees, which accounts for five per cent of its global workforce, as part of a strategic overhaul.</li><li>The job cuts aim to enhance operational efficiency and facilitate the company's scaling with increased focus and discipline towards achieving a $10 billion annual recurring revenue target.</li><li>CrowdStrike plans to create new positions in product engineering and customer-facing functions while restructuring, with hires scheduled throughout the fiscal year ending in January 2026.</li><li>The restructuring is estimated to cost between $36 million and $53 million, with a portion to be incurred in the first quarter of fiscal 2026, while the company continues to invest in AI-driven cybersecurity solutions for future growth.</li></ul>

CrowdStrike to cut 500 jobs in strategic overhaul

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