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Splunk Lays Off 1% Of Its Workforce Despite New Cloud Business “Going Through The Roof”

At the beginning of June, Splunk Inc. CEO Doug Merritt spoke about the future of the company, stating he wasn't in the position to commit to zero layoffs, as other CEOs like Salesforce's Marc Benioff had. Now, the company has announced it is cutting 70 of its 5,800 positions despite declaring its new cloud business is "going through the roof." This accounts for 1% of its current workforce...