Splunk to lay off nearly 7% of its workforce

SF-based Splunk to lay off 7% of workforce after being acquired by Cisco

SAN FRANCISCO (KRON) -- San Francisco-based cybersecurity firm Splunk announced Wednesday that it will lay off 7% of its workers. The announcement comes on the heels of a recent $28 billion acquisition of the company by Cisco. In a letter to Splunk employees, who he refers to as "Splunkers," Splunk CEO Gary Steel said the layoffs were "not a result of our agreement with Cisco," but rather, "the continuation of important initiatives" undertaken a…

Splunk to lay off nearly 7% of its workforce

Splunk said on Wednesday it would lay off nearly 7 per cent of its workforce, or about 560 employees, as the software company looks to reduce costs in an uncertain macroeconomic environment.