ExplicitMay 7, 2025· Cybersecurity
CrowdStrike
On May 7, 2025, CrowdStrike announced 500 job losses. The company explicitly cited AI as a factor.
Jobs lost
500
US jobs
500
Workforce
10,118
% of workforce
4.94%
Editorial note
On May 7, 2025, CrowdStrike said it would cut about 500 jobs, roughly 5% of its workforce, despite 29% revenue growth the prior fiscal year. Tagged Explicit because the company named AI itself: in a memo filed with the SEC, CEO George Kurtz wrote that "AI flattens our hiring curve" and called it "a force multiplier throughout the business."
Sources
Market reaction
On the day of announcement, CrowdStrike stock moved -4.0%.