Bill McDermott

Money Moves

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ServiceNow has filed four rounds of California layoff notices in 2026, covering 486 jobs at its Santa Clara headquarters and San Diego office. The latest, filed Nov. 4, covers 62 workers whose jobs end Jan. 4, 2027.

Updated 5 days ago

Money Moves

As of May 2026: 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

As of May 2026: 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