ServiceNow, Inc.

Money Moves

Announcing workforce reductions

ServiceNow, the Santa Clara software company that automates business workflows, has filed notices to cut 404 jobs across its two California offices. The layoffs come in two waves: 117 employees end Aug. 17, and 287 end Sept. 28, according to state Worker Adjustment and Retraining Notification (WARN) filings.

Updated 4 days ago

Money Moves

Acquiring Armis for $7.75B after $3.85B in prior 2025 security acquisitions

ServiceNow just agreed to pay $7.75 billion in cash for Armis, a cybersecurity startup that tracks vulnerabilities across hospital medical devices, factory equipment, and corporate networks. It's ServiceNow's largest acquisition ever—and its third billion-dollar security buy in 2025 alone. CEO Bill McDermott calls it building an "AI control tower" for cybersecurity, while Wall Street calls it a land grab.

Updated May 16

Money Moves

Stock split executed Dec 17-18; navigating investor skepticism over $7.75B Armis acquisition announced Dec 23

ServiceNow's 5-for-1 stock split executed on schedule: shares distributed after market close December 17, split-adjusted trading began December 18. The mechanical transition was clean—one $850 share became five $170 shares—but the 'fresh start' narrative got drowned out almost immediately by deal noise and analyst skepticism.

Updated May 15