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SPLK / Splunk unveils plan to cut about 7% of its global workforce

Splunk unveils plan to cut about 7% of its global workforce
Splunk Inc. SPLK said Wednesday it's planning to cut about 7% of its global workforce, mostly in the U.S. The company had 8,000 employees as of Jan. 31, according to its most recent annual report, suggesting about 640 employees will be cut. The software company expects to book charges of about $42 million for severance and other costs, as well as about $5 million in non-cash charges for share-based compensation expense, it said in a regulatory filing. Read More
Posted: Nov 1 2023, 08:55
Author Name: Market Watch
Views: 112250

SPLK News  

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By Forbes
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2023 Layoff Tracker: Condé Nast, Splunk Cut Hundreds Of Employees

Hundreds of U.S. companies have slashed their workforces this year, including Amazon, Google, Meta and Disney. more_horizontal

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By Forbes
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2023 Layoff Tracker: Splunk Cuts 560 Employees

Hundreds of U.S. companies have slashed their workforces this year, including Amazon, Google, Meta and Disney. more_horizontal

Splunk unveils plan to cut about 7% of its global workforce

By Market Watch
November 1, 2023

Splunk unveils plan to cut about 7% of its global workforce

Splunk Inc. SPLK said Wednesday it's planning to cut about 7% of its global workforce, mostly in the U.S. The company had 8,000 employees as of Jan. 3 more_horizontal

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By Zacks Investment Research
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Splunk (SPLK) Stock Slides as Market Rises: Facts to Know Before You Trade

Splunk (SPLK) closed at $147.16 in the latest trading session, marking a -0.03% move from the prior day. more_horizontal

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By Zacks Investment Research
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Splunk (SPLK) to Merge With Cisco for Improved AI Prowess

Splunk (SPLK) signs an agreement to merge with Cisco for a transaction valued at roughly $28 billion. The combined capabilities of the entities will e more_horizontal

Splunk (SPLK) Up 28% Since Last Earnings Report: Can It Continue?

By Zacks Investment Research
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Splunk (SPLK) Up 28% Since Last Earnings Report: Can It Continue?

Splunk (SPLK) reported earnings 30 days ago. What's next for the stock? more_horizontal

Why Splunk Rocketed Higher This Week

By The Motley Fool
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Why Splunk Rocketed Higher This Week

Cisco agreed to acquire Splunk for $28 billion. The deal premium is roughly 31% over Splunk's share price from the prior day. more_horizontal


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