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SentinelOne Stock Plunges 12% on Workforce Cuts, Weak Outlook

SentinelOne shares fell 12% after the cybersecurity firm announced an 8% reduction in full-time staff and issued subdued guidance for the current quarter and full year. The company, which employed over 3,000 workers as of late April, will take a one-time $25 million charge related to the layoffs. CEO Tomer Weingarten characterized the restructuring as a strategic shift rather than a cost-cutting measure, emphasizing productivity gains from increased automation adoption. SentinelOne joins a wave of technology firms rightsizing workforces to redirect resources toward artificial intelligence and emerging capabilities. Wix cut a fifth of its workforce this week, Cisco trimmed staff by nearly 5% earlier this month, Block cut approximately half its headcount in February, and Atlassian eliminated 1,600 positions in March.