TECH - Cisco Acquisition Target Splunk to Cut 500 Jobs in the US - Here's How Much It Will Cost Them | Benzinga
Splunk Inc (NASDAQ: SPLK) looks to slash 7% of its global workforce, mainly in the U.S., under its latest restructuring plan.
The big data platform expects to incur approximately $42 million in charges, consisting of $37 million in future cash expenditures in connection with the restructuring and $5 million in non-cash payments for share-based compensation