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CrowdStrike reiterated its fiscal 2026 first quarter and annual forecasts on Wednesday and announced a plan to cut about 500 roles, roughly 5% of its workforce, to streamline operations and reduce costs. The cybersecurity company will incur about $36 million to $53 million in charges related to the layoffs, of which about $7 million will be recognized in the first quarter ended April 30, it said in a regulatory filing. Austin, Texas-based CrowdStrike said the rest of the charges will be seen in the second quarter. The charges primarily consist of future cash expenditure related to severance payments, employee benefits, and related costs. The company’s shares were down nearly 4% in morning trading. CrowdStrike had 10,118 full-time employees as of January 31, according to its annual report. “While we will continue to prudently hire, primarily in customer-facing and product engineering roles, we are reducing roles in some areas of the business,” CEO George Kurtz said in a note to the company’s employees. Cybersecurity remains a priority for businesses and governments at a time when high-profile hacking incidents have hit companies such as Microsoft, UnitedHealth Group and Walt Disney. Analysts have said CrowdStrike’s prompt handling of the Windows outage last year, which disrupted internet services globally, helped the company maintain customer trust. CrowdStrike reiterated its full-year 2026 revenue forecast to be between $4.74 billion and $4.81 billion and reaffirmed its annual adjusted profit-per-share estimate of $3.33 to $3.45. The company’s forecast for first-quarter revenue was between $1.10 billion and $1.11 billion. “This will likely spark debate on if this announcement is coming from a place of weakness or strengthto which we broadly believe it is the latter,” multinational financial services company Piper Sandler said in a note. CrowdStrike will release financial results for its first quarter on June 3. Jaspreet Singh, Reuters
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E-Commerce
The latest TikTok trend is leading to fire evacuations at schools across Connecticut. As part of the trend, students are filming themselves inserting items such as pencils, paper clips, and pushpins into the charging ports of their school Chromebooks to set them on fire. Why? For a laugh and a brief break from schoolwork. One such tutorial gained 1.5 million views on TikTok before being removed, showing a student pushing a lead pencil into the back left corner of the port. You might have to wiggle it a bit, the user explained. Another student tried to film a how-to video last week, managing to cause a laptop fire and triggering an evacuation at Newington High School, as reported by WDBJ7. Since Monday, both Derby High School and Cromwell High School have experienced similar incidents. On Thursday, I was alerted by both my director of security and high school principal that we had a Chromebook that was smoking, Maureen Brummett, superintendent of Newington Public Schools, told NBC Connecticut. She further explained that after an investigation, it was clear that the damage to the laptop was “done intentionally” rather than being a result of a malfunction, and that students would be held accountable for replacing the school equipment. Chromebooks are expensive and theyre going up in price, so when a student does intentionally destroy a Chromebook, its their responsibility to replace it. We have an insurance program, but its not covering intentional damage, she added. DJ Zordon, a Newington fire marshal, described arriving at the scene to find a room filled with smoke. We did see video from students . . . and thats one of the biggest things. The batteries that are essentially catching on fire, once they burn, theyre producing this toxic smoke, Zordon told NBC Connecticut. For those thinking about participating in the trend, the consequences go beyond just a damaged Chromebook. The school has to be evacuated, firefighters respond to the firehouse and subsequently to the scene, and it takes resources away from any other emergencies that might be happening at that time,” Zordon added. While no injuries have been reported, when batteries like those in laptops catch fire, there is a risk of explosion, which could lead to burns or injury from flying shrapnel. Investigations are ongoing across the schools, and warnings have been issued to students and their families. Maybe this is one trend to skip.
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E-Commerce
LinkedIn just released its 2025 Grad Guide highlighting the fastest-growing cities, industries, and job titles for new workers with and without a bachelor’s degree. A variety of industries and professions made the list. However, the new data offers a few surprises when it comes to what grads and non-grads are pursuing most often, with many non-grads heading into careers that once required college degreesand many graduates in fields that don’t. When it comes to where young professionals are moving post-college, the Sun Belt states, including Tucson, Dallas, Tulsa, Knoxville, and Chattanooga, are turning into hot locations for new graduates to get to work. Entry-level non-grads are heading to big cities more often. San Francisco, Los Angeles, San Diego, New York, Boston, Miami, and D.C. all made the list. But so did a few smaller hubs like Detroit and Orlando.Entry-level workers without a degree joining a variety of industries, with the fastest-growing fields being customer service, education, and real estate. Notably, financial services, a field which has typically required a college degree, is also on the list, meaning young professionals are breaking into the field in other ways that don’t involve four years of formal education. Marketing seems to be hugely popular for non-grads, too. It shows up three times on the list of the fastest-growing entry-level jobs, meaning marketing skills can be learned outside of a four-year collegeperhaps by tech-savvy Gen Zers leaning into skills they learned by coming of age with social media at their fingertips. Non-grads are more frequently becoming marketing specialists, social media marketing specialists, and marketing coordinators.College grads are also joining a variety of industries, including in fields that don’t traditionally require a college degree. Case in point: Number one on the list of fastest-growing fields is construction. Real estate, utilities, wholesale, and administrative services were all growing fields for college graduates, too. Perhaps least surprisingly, new grads are leaning into technology, with artificial intelligence engineers landing as the fastest-growing job on the list.
Category:
E-Commerce
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