Splunk Joins Tech’s Belt-Tightening With Plan to Shed Staff
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Splunk Inc. is laying off about 1% of employees, joining a wave of tech corporations shedding staff and cutting spending as the pandemic slams businesses.
The data-software company, which in May projected second-quarter revenue below Wall Street expectations, is cutting about 70 people, spokesman Richard Brewer-Hay said in an email. That’s out of a workforce of more than 5,800 as of the end of January, according to a filing.