Revenue ProductivityCRWD's revenue-per-employee was down ~1.9% y/y, which is only the second y/y decline on record, adding pressure to deliver productivity gains.
Valuation ConcernsCRWD shares traded down ~4% pre-market, indicating investors are concerned about valuation premium, macro uncertainty, and potential execution risks.
Workforce ReductionCRWD announced a strategic plan which includes a reduction in workforce by 500 positions, approximately 5% of CRWD's workforce.