CrowdStrike, Responsible For Global IT Outage, To Cut Jobs In AI Efficiency Push

CrowdStrike, a cybersecurity firm, has announced that it will be cutting 5% of its workforce, which translates to 500 positions globally. The reason for this decision, according to CEO George Kurtz, is the "AI efficiency" that has been created in the business, which has led to a flattening of the hiring curve. Additionally, the company is also citing market demand for sustained growth and expanding its product offering as reasons for the layoffs. The CEO believes that AI is a force multiplier throughout the business, driving innovation and accelerating the development of new products.