CrowdStrike $CRWD, a leading cybersecurity company specializing in cloud-native endpoint protection, has forecasted second-quarter revenue below Wall Street expectations. This development reflects a notable reduction in government and enterprise spending on cybersecurity products, signaling shifts in budget priorities amid macroeconomic pressures. The market responded negatively, with CrowdStrike shares falling 5.7% in after-hours trading following the announcement on Tuesday.

The Walt Disney Company $DIS has initiated another wave of layoffs, affecting several hundred employees across its film, television, and corporate finance divisions. This development follows a broader organizational restructuring prompted by changing media consumption patterns and the accelerating shift away from traditional cable television toward digital streaming platforms.