From Network World: Network management and visualization vendor Splunk, which is set to be acquired by Cisco in a $28 billion deal, will cut about 560 jobs in a global restructuring, the company announced Wednesday in an SEC filing.
Splunk president and CEO Gary Steele said in the filing that employees in the Americas set to lose their jobs will be notified throughout today, and that the company plans to offer severance packages to laid-off employees, as well as healthcare coverage and job placement assistance for an undisclosed length of time.
The announcement comes after Splunk announced a first wave of 325 job cuts in February.
“The overall market has retracted and we expect the macro environment will continue to be unpredictable for the foreseeable future,” Steele’s message to employees said.
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