CrowdStrike announced on Wednesday plans to reduce its global workforce by 5%, eliminating approximately 500 positions. In an official filing, the cybersecurity giant described the move as part of a strategic initiative aimed at refining its operational efficiency, helping the company reach its ambition of achieving $10 billion in Annual Recurring Revenue.
CEO George Kurtz explained in a memo to employees that the restructuring will equip CrowdStrike to respond more swiftly and effectively to market demands, positioning the company better within the increasingly competitive cybersecurity space. Despite the cuts, CrowdStrike indicated its intention to continue hiring for strategically essential roles through the remainder of its fiscal year, ending January 31, 2026.
Established prominently within the cybersecurity landscape after attributing the 2016 hacking of the Democratic National Committee to Russian state actors, CrowdStrike faced turbulent headlines just last summer. A flawed update to its antivirus software affected approximately 8.5 million Windows systems worldwide, leading to widespread outages and significant disruptions across banks, airlines, hotels, and even global airport operations.
