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By Rob Curran Cybersecurity company Splunk, which recently agreed to a buyout from network giant Cisco Systems, unveiled a plan to lay off about 7% of its employees, mostly in the U.S. ...
(Bloomberg) -- Splunk Inc. is cutting about 7% of its global workforce, citing an uncertain economic environment ahead of a planned acquisition by Cisco Systems Inc.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsReal Estate Industry Takes Fresh Hit With Verdict on CommissionsIsrael Latest: US Says the First of Its Citizens Depart GazaIsrael Latest: Blinken Returning to Israel; Refugee Camp HitSaudi Forces on Alert After Clash With Iran-Backed Houthis“The overall
The layoffs are happening in the wake of a market retraction, Splunk CEO Gary Steele said.
Splunk CEO announced the cuts in a letter to employees.
Perigon Wealth Management LLC boosted its position in shares of Splunk Inc. (NASDAQ:SPLK – Free Report) by 18.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,758 shares of the software company’s stock after buying an additional 439 shares during the quarter. Perigon […]