CrowdStrike expects to incur costs as high as $53 million from these job cuts. Nevertheless, the company reported $1 billion in revenue for the fourth quarter of fiscal 2025, a 25% increase from the same period in 2024, but posted a $92 million loss. The job cuts come after CrowdStrike's software update triggered a global IT outage last year, causing 8.5 million Windows systems around the world to crash.