Globant S.A.

The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Globant S.A. (“Globant” or the “Company”) (NYSE:GLOB) securities during the period of February 15, 2024 through August 14, 2025, inclusive (“the Class Period”).

The lawsuit alleges that Globant made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Globant was facing decreasing demand across Latin America and had frozen wages in both Argentina and Mexico in late 2023 and Latin American clients were reducing and cancelling their projects with the Company.
 

On February 20, 2025, Globant released its fourth quarter 2024 financial results, missing guidance and reporting a 1.3% decrease in Latin American revenue, stating that the “situation” in Latin America was “a little bit rocky . . . because of the political turmoil and different things that happened in Brazil and in Colombia, mainly.” On this news, the price of Globant shares declined by $58.45 per share, or approximately 28%, from $210.17 per share on February 20, 2025 to close at $151.72 on February 21, 2025.
 

Then, on May 15, 2025, Globant released its first quarter 2025 financial results, announcing lower than expected growth in Latin America, citing “a challenging macroeconomic and geopolitical context” affecting the “spending patterns among some of [Globant’s] largest customers,” particularly in Latin America. Globant also disclosed that its Latin American revenue declined 9% year-over-year, “with notable contractions in Mexico and Brazil.” On this news, the price of Globant shares declined by $31.37 per share, or approximately 24%, from $132.84 per share on May 15, 2025 to close at $101.47 on May 16, 2025.

Then, on August 14, 2025, Globant announced that it had reduced its headcount by about 1,000 employees and taken a $47.6 million restructuring charge. On this news, the price of Globant shares declined by $11.66 per share, or approximately 15%, from $78.12 per share on August 14, 2025 to close at $66.46 on August 15, 2025.