Crowdstrike announces 5% layoffs

Question

"Cybersecurity firm CrowdStrike Holdings (CRWD) will cut 5% of its workforce, or 500 jobs, the company said in a regulatory filing. The news came ahead of first quarter earnings for CrowdStrike stock due June 3.

The company said artificial intelligence-related productivity gains were a factor in the layoffs. CrowdStrike said it plans to continue hiring in strategic areas."

Really interesting that they're officially citing "AI-related productivity gains." Are we nearing the AI revolution for SWEs? Feels bad for the people who got laid off though...

1daydelivery · Accepted Answer

I think that officially citing AI as the reason behind its layoffs is more of a PR move than anything else. Probably them just saying "hey! look at us! we use AI!"

eightysixer · Answer

US business community is totally bereft of novel ideas IMO. Faced with (claimed) large productivity gains, instead of putting their spare capacity to work on new ideas to grow their business, they just cut headcount.

Masi · Answer

I had a coding interview with them recently in spite of going well. They suggested me a lower level from senior to level 3. Then they rejected me. I now understand the reason behind.

happyjalapeno · Answer

I think it's true but a lot of people hate to admit it and are holding on to the hope that it's all a hype fad that will pass.

MovedProgrammer · Answer

They can just say that and I am pretty sure they’re just saying that.Maybe they’ve automated more processes, sure, but that’s not “LLMs have replaced our workers” which is the hype wave they’re trying to ride.

Crowdstrike announces 5% layoffs

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