Splunk CEO Gary Steele revealed the corporate is shedding 7% of its international workforce, completely roughly 500 staff.
Cisco introduced plans in September to buy the cybersecurity agency for $28 billion, the corporate’s largest acquisition so far. Whereas many could also be fast to hyperlink the layoffs to the pending acquisition, in a message to staff that was filed with the SEC, Steele was made clear the 2 had been unrelated:
At present, we’re making the troublesome resolution to scale back our international workforce by roughly 7%. As we work to complete FY24 and look forward, we’re taking this proactive and strategic step that additional aligns our workforce to higher allow Splunkers to fulfill the wants of our clients and companions, whereas remaining sustainable and value efficient. The modifications we’re asserting should not a results of our settlement with Cisco; they’re the continuation of the essential initiatives we’ve undertaken throughout Splunk for greater than a yr to align our sources and working construction to ship ongoing and incremental worth for our clients.
Steele says laid-off staff will obtain severance packages, healthcare, and job placement help.