{"id":5857,"date":"2023-11-02T03:26:11","date_gmt":"2023-11-02T03:26:11","guid":{"rendered":"https:\/\/connectwithfund.com\/investment\/splunk-unveils-plan-to-cut-about-7-of-its-global-workforce\/"},"modified":"2023-11-02T03:26:12","modified_gmt":"2023-11-02T03:26:12","slug":"splunk-unveils-plan-to-cut-about-7-of-its-global-workforce","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=5857","title":{"rendered":"Splunk unveils plan to cut about 7% of its global workforce"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002679816\">\n<div class=\"snippet__body\">\n<p>Splunk Inc. SPLK said Wednesday it\u2019s 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 560 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\u00a0non-cash charges for share-based compensation expense, it said in a regulatory filing. Most of the actions are expected to be completed and charges booked by April 30 of 2024. \u201cThe changes we are announcing are not a result of our agreement with Cisco; they&#8230;\n      <\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/splunk-unveils-plan-to-cut-about-7-of-its-global-workforce-37cc4f3c?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Splunk Inc. SPLK said Wednesday it\u2019s 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 560 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\u00a0non-cash charges for share-based compensation expense, it said in a regulatory filing. Most of the actions are expected to be completed and charges booked by April 30 of 2024. \u201cThe changes we are announcing are not<\/p>\n","protected":false},"author":1,"featured_media":1090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-5857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Splunk unveils plan to cut about 7% of its global workforce | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"Splunk Inc. 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