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Splunk to Cut About 325 Jobs, Scale Back Outsourcing

February 1, 2023

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Splunk Inc. said it is laying off about 325 employees, or 4% of its staff, becoming the latest tech company to cut jobs.

The company, which makes software used by information-technology and security operations to crunch data, on Wednesday also said it would scale back the use of external agencies and consultants as it seeks to cut costs.

In October, The Wall Street Journal reported that activist investor Starboard Value LP had a stake in the company and planned to push the software maker to take action to boost its stock price.

Read More on The Wall Street Journal