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flag Cybersecurity firm CrowdStrike plans to lay off 5% of its workforce to adapt to AI advancements.

flag Cybersecurity firm CrowdStrike plans to lay off about 500 employees, or 5% of its workforce, to streamline operations and boost efficiency. flag CEO George Kurtz cited AI advancements as a key factor, noting that AI is driving productivity gains and reducing hiring needs. flag Despite the layoffs, CrowdStrike will continue hiring in critical areas and reaffirmed its financial forecasts for the year, expecting to incur charges of $36 million to $53 million related to the layoffs.

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