Splunk slashing 7% of staff ahead of Cisco acquisition

A little more than a month after Cisco announced that it’s acquiring Splunk for approximately US$28 billion, the cybersecurity firm is trimming its headcount.

In a letter to staff that was filed with the U.S. Securities and Exchange Commission (SEC) on Nov. 1, CEO Gary Steele said the company is reducing its global workforce by approximately seven per cent.

“As we [look ahead], we are taking this proactive and strategic step that further aligns our workforce to better enable Splunkers to meet the needs of our customers and partners, while remaining sustainable and cost effective,” Steele said.

“The changes we are announcing are not a result of our agreement with Cisco; they are the continuation of the important initiatives we’ve undertaken across Splunk for more than a year to align our resources and operating structure to deliver ongoing and incremental value for our customers.”

The reduction marks Splunk’s second layoff of the year. In February, the company scaled back its staffing levels by approximately four per cent.

The latest round of cuts will mostly affect U.S. employees. It remains unclear if Canadian workers are impacted.

As of January, Splunk employed a total workforce of nearly 8,000 people, according to its regulatory filings.

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