News

Company Responsible For Global IT Outage Last Year To Cut Jobs For AI Use

  • Abhinav Singh--NDTV News
  • published date: 2025-05-10 16:22:35 UTC

CrowdStrike became a publicly traded company in 2019 and had a revenue of $1 billion in March for the fourth financial quarter of 2025.

Summary is AI generated, newsroom reviewed. CrowdStrike will reduce its workforce by five per cent, impacting 500 jobs. The layoffs result from increased efficiency driven by artificial intelligenc… [+2527 chars]