{"id":967532,"date":"2026-05-27T09:32:47","date_gmt":"2026-05-27T13:32:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/glob-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-globant-s-a-securities-lawsuit-contact-levi-korsinsky-2\/"},"modified":"2026-05-27T09:32:47","modified_gmt":"2026-05-27T13:32:47","slug":"glob-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-globant-s-a-securities-lawsuit-contact-levi-korsinsky-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glob-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-globant-s-a-securities-lawsuit-contact-levi-korsinsky-2\/","title":{"rendered":"GLOB Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Globant S.A. Securities Lawsuit – Contact Levi & Korsinsky"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Globant Promised Investors a $1 Billion Latin American Growth Engine \u2014 Instead, Revenue Contracted 9%, Headcount Fell by 1,000, and Shareholders Lost Over $143 Per Share<\/i>\n <\/p>\n

\n NEW YORK<\/span>, May 27, 2026<\/span> \/PRNewswire\/ — Levi & Korsinsky, LLP highlights the contrast between Globant S.A.’s (NYSE: GLOB) promises to investors and the reality that emerged across three corrective disclosures. Shareholders who purchased GLOB securities between February 15, 2024 and August 14, 2025 and suffered losses may be entitled to compensation. Find out if you can recover your investment losses<\/a>\u00a0or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com<\/a>\u00a0or (212) 363-7500.<\/p>\n

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GLOB shares fell from $210.17 to $66.46 over the class period, a decline of over 68%, as the gap between Globant’s Latin American projections and actual performance widened quarter after quarter.<\/p>\n

\n The Promise<\/b>\n <\/p>\n

Throughout 2024, Globant described Latin America as its most strategically important growth region. The company projected 11% IT sector growth in the region, called itself the “employer of choice,” and said demand was “very, very high.” Management told investors the company was continuing to hire in many countries and was making “significant investments in Mexico and Brazil,” the two largest economies responsible for 38% of the company’s regional revenue. A $1 billion strategic pivot was framed as an enormous opportunity.<\/p>\n

\n The Reality<\/b>\n <\/p>\n

The lawsuit contends that behind these projections, Globant faced declining client demand, project cancellations, and a troubled integration of its Iteris acquisition in Brazil. The company had frozen employee wages in Mexico and Argentina despite double-digit inflation, effectively cutting real compensation and fueling workforce unrest. Rather than expanding headcount, the company was quietly reducing team members on projects and losing clients.<\/p>\n

\n The Numbers: Promised vs. Actual<\/b>\n <\/p>\n