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SEC filingZoomInfo Technologies Inc. approved a 2026 Restructuring Program involving a ~600 employee reduction to cut operating costs by ~$60 million annually, with $45-60 million in pre-tax charges expected.
ZoomInfo's Board approved the 2026 Restructuring Program on May 5, 2026, targeting significant cost reductions through a global workforce reduction of approximately 600 employees, representing about 20% of first quarter ending headcount. Approximately one-fourth of these roles will be reallocated or offset by hires in other locations, with the program expected to be substantially complete by year-end 2026 and most charges booked in Q2 and Q3. The initiative anticipates $45-60 million in aggregate pre-tax charges, primarily cash outflows for one-time termination benefits like severance. Upon full implementation, it will lower annual run-rate operating expenses by about $60 million, enhancing operating leverage. CEO Henry Schuck's May 11 email to employees detailed specifics, including closure of the Israel site with operations transferring to the US, Canada, Ireland, and India by year-end, alongside notifications to ~340 employees in the US, India, and UK, mainly in go-to-market and G&A functions. These moves simplify operations, accelerate upmarket focus, and redirect resources to platform development, product roadmap, and customer-facing engineering amid shifting customer buying patterns toward consumption-based pricing and deeper enterprise needs. All affected employees receive cash severance, equity acceleration where applicable, and US medical subsidies, underscoring a structured transition. Estimates are preliminary and subject to local laws, with actuals potentially varying materially.