Enterprise resource planning software company Workday Inc. announced today that it will cut around 8.5%, or 1,760 jobs, from its workforce as part of a push for growth and increasing investments in artificial intelligence. The news of the layoffs was revealed in a memo to employees that was published as part of a filing with ...

Shares in Tenable Holdings Inc. fell slightly in after-hours trading after the cybersecurity exposure management company reported beats on earnings and revenue in its fourth quarter but fell short of expectations with its forecast outlook. For the quarter that ended on Dec. 31, Tenable reported adjusted earnings per share of 41 cents, up from 25 ...

Agentic artificial intelligence security startup 7AI Inc. today announced the launch of a platform that aims to redefine security operations by offloading essential “nonhuman work” to autonomous AI agents. 7AI’s platform differs from AI security operations center analysts, chatbots and copilots through a system of specialized AI agents that can handle repetitive security tasks quickly, ...

Identity security company SailPoint Technologies Inc. is set to go public for the second time, as the company today announced the launch of a roadshow for its proposed initial public offering of 50 million shares of common stock. Under the proposed IPO, SailPint will be offering shares for sale at between $19 and $21 each, valuing the company at ...

General Motors Co. is cutting about 50% of the workforce of its former Cruise self-driving car unit just shy of two months after it announced it was shutting the robotaxi arm of Cruise and absorbing the company’s technology into its general development of advanced drive assistance systems. GM said in a statement that the decision to ...

Shares in Snap Inc. rose nearly 6% up in after-hours trading today, on top of an almost 4% rise in regular trading, after the company impressed investors with earnings and revenue beats in its fourth quarter and a higher-than-expected outlook. For the quarter that ended on Dec. 31, Snap reported adjusted earnings per share of ...

Security optimization platform company AttackIQ Inc. announced today that it has acquired risk intelligence and vulnerability management solutions startup DeepSurface Security Inc. for an undisclosed price. Founded in 2017, DeepSurface offers a security posture management platform that contextualizes vulnerabilities and attack paths within an organization’s digital infrastructure. The company’s platform allows cybersecurity teams to predict where attackers ...

Information technology services firm Presidio Inc. today announced the launch of Private AI Accelerator, a new generative artificial intelligence solution powered by Nvidia AI and accelerated computing to create secure, scalable and customizable on-premises AI platforms. The solution launches with initial capabilities that include personalized chat, image processing, content drafting, large language model-powered agents and document synthesis ...

Drone defense startup Hidden Level Inc. announced today that it has raised $65 million in new funding to scale manufacturing, expand its headcount, support public safety and enhance its defense capabilities. Founded in 2018, Hidden Level specializes in advanced radio frequency sensing technologies that are used to enhance airspace safety and security. The company provides ...

Shares in Palantir Technologies Inc. jumped more than 20% in late trading today after the big-data analytics company solidly topped analyst expectations in its fiscal 2024 fourth quarter and offered a stronger-than-expected forecast. For the quarter that ended on Dec. 31, Palantir reported adjusted earnings per share of 14 cents, up from eight cents per ...