CrowdStrike said it will cut about 500 jobs, or 5% of its global workforce, as part of a plan to drive efficiencies in the business.

The layoffs, which affect thousands of employees, come soon after the tech titan issued an optimistic financial forecast.

The company confirms it's in the process of cutting nearly 3% of its workforce, resulting in around 6,000 fewer jobs across the business. The layoffs are confirmed across the business at various seniority levels and locations,