Splunk Lays Off 7% of Workforce, Around 560 Employees, Despite Pending $28B Cisco Acquisition

Splunk, a San Francisco-based cybersecurity company, announced it will lay off 7% (about 560) of its workforce.

The layoffs come after Splunk's $28 billion acquisition by Cisco was announced, but are not a direct result of the acquisition.

Splunk's CEO said the layoffs aim to better align the company's workforce to customer/partner needs while remaining cost-effective.

Affected employees globally will receive severance packages with healthcare coverage and job placement resources.

The layoffs impact Splunk employees worldwide, with US notifications occurring Wednesday. Non-US notifications may take longer.