Splunk to cut 7% of workforce, or about 500 employees, ahead of Cisco acquisition
Publishing timestamp: 2023-11-01 11:13:58
Summary
Splunk, a cybersecurity firm set to be acquired by Cisco, has announced that it will lay off approximately 7% of its global workforce. The CEO emphasized that the layoffs were not a result of the planned acquisition. The layoffs will affect around 500 employees, with most of them located in the U.S. Splunk will incur restructuring costs of about $42 million.
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