5. CrowdStrike
Roles cut: 500
Why: AI has “flattened the hiring curve”
This cybersecurity powerhouse in May announced plans to cut 500 roles – or 5% of its workforce – citing the power of AI efficiencies.
While CrowdStrike continues to hire, primarily in customer-facing and product engineering roles, it is “reducing roles in some areas of the business”, CEO George Kurtz confirmed in a letter to employees published in an SEC filing.
The cuts come even as CrowdStrike’s revenues continue to swell at an annual rate of over 20%.
Kurtz cited AI’s ability to accelerate execution and efficiency as one of three reasons behind the cuts.
“AI flattens our hiring curve, and helps us innovate from idea to product faster,” he said.
“It streamlines go-to-market, improves customer outcomes, and drives efficiencies across both the front and back office.”
See next page for 4 more AI-related vendor downsizing moves…
