Cybersecurity company CrowdStrike, known for causing a global IT outage, is cutting 500 jobs globally, citing AI efficiencies and market demand for growth.
The cuts are expected to incur up to US$53m in costs, with the company reporting a revenue of US$1bn for the fourth financial quarter of 2025.
Experts are skeptical about the timing of AI efficiencies being announced close to reduced revenue forecasts, highlighting pressure on companies to deliver on AI investments.
AI job replacements are seen as an unavoidable reality by experts, as automation is expected to impact jobs globally, with companies looking to AI to reduce workforces over time.