9/23/2023 0 Comments Splunk group by field in listHe is ranked in the top 15% of stock pickers on TipRanks. O’Brient loves helping everyone understand the complexities of economics. His areas of expertise involve electric vehicle (EV) stocks, green energy and NFTs. Samuel O’Brient has been covering financial markets and analyzing economic policy for three-plus years. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Samuel O’Brient did not hold (either directly or indirectly) any positions in the securities mentioned in this article. It could be a winner of the current AI boom - although, when their fields are expanding, most companies scale up and not down. Moving forward, investors should keep a close eye on SPLK stock as the Spunk layoffs take effect. The list of customers relying on Splunk’s solutions is long and has been growing steadily.Ĭlearly, Splunk thinks it can meet growing demand with a smaller workforce. The company has carved out a niche for itself, including as a player in the fast-growing artificial intelligence (AI) market. But investors should also note that the job cuts announcement comes at a time when demand for Splunk’s services is rising. That fits the typical narrative surrounding layoffs. “This decision is another step in a broader set of proactive organizational and strategic changes that include optimizing our processes, cost structure and how we operate globally to ensure Splunk continues to balance growth with profitability through these uncertain times and drive success over the long term.” In a letter, CEO Gary Steele stated the following: That’s likely because the Splunk layoffs are seen as a cost-cutting move on behalf of management. The Splunk layoffs follow similar announcements from HubSpot (NYSE:HUBS) and Upstart (NASDAQ:UPST) - and that’s just what’s in today’s news cycle.Īs of this writing, SPLK stock is up a little more than 1% and looks poised to keep climbing. While layoffs have by no means been confined to tech, it’s difficult to ignore the many prominent Silicon Valley icons reducing their workforces lately. Tech companies implementing job cuts has been one of this year’s most dominant trends so far. Let’s dig deeper into what SPLK stock investors need to know about the news. That said, this development does raise some questions about the future of the company and how it plans to proceed as markets enter a new year. In fact, SPLK stock is currently in the green, although it has been fairly volatile. News of the Splunk layoffs hasn’t pushed shares down so far. Today, however, the company announced that it will be laying off roughly 325 staff members, or about 4% of its workforce. The software producer has enjoyed an excellent start to the year, with shares up more than 11% so far in 2023. By default, the tstats command runs over accelerated and. Because it searches on index-time fields instead of raw events, the tstats command is faster than the stats command. The indexed fields can be from indexed data or accelerated data models. Splunk (NASDAQ:SPLK) is the latest technology company to join the layoffs trend. Use the tstats command to perform statistical queries on indexed fields in tsidx files.
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