Bill McDermott

Money Moves

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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

Leading $11.6 billion acquisition spree in 2025, contract extended to 2030

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

Leading ServiceNow through stock split execution and $7.75B Armis acquisition—largest deal in company history

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