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Zscaler stock drops more than 10% following outlook hike, job cuts

Por: MarketWatch Business March 02, 2023

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The company said in a filing with the Securities and Exchange Commission it was trimming its global workforce by 3%, or about 150 positions, by the end of fiscal 2023, which ends in July, and taking an $8 million to $10 million charge. Zscaler last reported a headcount of 4,975. The company also expects full-year earnings of $1.52 to $1.53 on about $1.56 billion revenue and billings of $1.94 billion to $1.95 billion. Zscaler had last forecast... + full article



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