ServiceNow Inc is trading 4.8% up at $107.00 in pre-market sessions after announcing hundreds of layoffs tied to AI efficiencies.
- The workforce reduction marks a reversal of previous management assurances that the company would avoid job cuts, signaling a strategic pivot toward AI-driven restructuring.
- The stock is also benefiting from a broader rally in U.S. equity futures as improved geopolitical sentiment fuels a risk-on appetite for large-cap technology and AI-related assets.