Restructurings & Charges

AIR LEASE CORP announced a restructuring with charges of approximately $53.3 million.

“The Company currently expects to incur approximately $53.3 million in costs related to the previously disclosed workforce reduction”

Lucid Group, Inc. announced a restructuring with charges of cash charges of approximately $32 million related to severance, employee benefits, and employee transition affecting U.S. workforce (reduction of the Company’s current U.S. workforce by approximately 18 percent).

“On June 22, 2026, Lucid Group, Inc. (the “ Company ”) announced a plan (the “ Plan ”) designed to advance the Company’s path toward profitability and positive cash flow generation by streamlining its organizational structure, optimizing operating expenses, and aligning production plans with anticipated demand. This involves a reduction of the Company’s current U.S. workforce by approximately 18 percent, including full-time employees, contractors and hourly production workers in manufacturing. As part of this reduction, the Company has eliminated the second shift of production at its AMP-1 factory. The Plan is expected to provide the Company with annualized cost savings of approximately $158 million. The Company estimates that it will incur cash charges of approximately $32 million related to severance, employee benefits, and employee transition. The Company expects to substantially complete the Plan by the end of the third quarter of 2026, subject to local law and consultation requirem”

enGene Therapeutics Inc. announced a restructuring with charges of approximately $5.7 to $6.4 million in cash, as well as approximately $4.7 million to $5.0 million in non-cash stock-based compensation expense (approximately 50% of its workforce).

“equity retention awards, which will vest, if at all, upon the achievement of the Milestones, the Company now estimates that it will incur restructuring costs of approximately $5.7 to $6.4 million in cash, consisting primarily of employee severance, benefits, and other related costs, as well as approximately $4.7 million to $5.0 million in non-cash”

Robinhood Markets, Inc. announced a restructuring with charges of approximately $20 million related to employee severance and benefits costs as well as approximately $8 million related to share-based compensation (approximately 10% of the Company's full-time employees).

“The Company estimates that it will incur cash restructuring and related charges comprising approximately $20 million related to employee severance and benefits costs as well as approximately $8 million related to share-based compensation.”

enGene Therapeutics Inc. announced a restructuring with charges of approximately $5.7 to $6.4 million affecting the Company (approximately 50%).

“activities required to support the commercial launch of detalimogene in 2027, if approved. The Company currently estimates it will incur restructuring costs of approximately $5.7 to $6.4 million, consisting primarily of employee severance, benefits, and other related costs, as well as approximately $4.7 million to $5.0 million in non-cash stock-based”

Neumora Therapeutics, Inc. announced a restructuring with charges of approximately $2 million (approximately 35%).

“On June 12, 2026, in connection with the discontinuation of development of navacaprant described below, the Company implemented a reduction in force of approximately 35%, which it expects to complete in the second and third quarters of 2026. The Company expects the reduction in force to result in an annualized cost savings of approximately $10 million, partially offset by one-time restructuring costs of approximately $2 million to be incurred in the second quarter of 2026.”

Veritone, Inc. announced a restructuring affecting Company-wide (at least 25% of its employee count as of March 31, 2026).

“On June 1, 2026, Veritone, Inc. (the “Company”) made the decision to implement a restructuring plan (the “Plan”), which includes a workforce reduction that was initiated on June 10, 2026, and a reduction in certain third-party operating costs.”

Fulcrum Therapeutics, Inc. announced a restructuring with charges of approximately $4.2 million (approximately 85%, from 57 full-time employees to 9 full-time employees).

“On May 31, 2026, the board of directors of Fulcrum Therapeutics, Inc., or Fulcrum, approved a restructuring plan to significantly reduce Fulcrum’s operating expenses and preserve capital following the discontinuation of development of pociredir for the treatment of sickle cell disease, or SCD. The restructuring plan will reduce Fulcrum’s workforce by approximately 85%, from 57 full-time employees to 9 full-time employees, and is expected to be substantially completed during the second quarter of 2026. Fulcrum expects to incur aggregate charges of approximately $4.2 million in connection with the restructuring plan, consisting primarily of employee severance, employee benefits and related costs.”

Lamb Weston Holdings, Inc. announced a restructuring with charges of approximately $80 million to $110 million affecting manufacturing facility in Broekhuizenvorst, the Netherlands.

“better align our global manufacturing footprint with customer needs. In connection with the planned facility closure, we expect to incur total pre-tax charges of approximately $80 million to $110 million, substantially all of which are expected to be recognized in our fiscal year ending May 30, 2027. We estimate at least 20% of these charges will result in future”

ESTEE LAUDER COMPANIES INC announced a restructuring with charges of approximately $1,551 million (before tax) affecting Value Chain Optimization, Enabling Function Re-Invention, Go-to-Market Operating Model Acceleration, Digital Organization Transformation.

“a net reduction in workforce. Once the relevant accounting criteria have been met, the Company expects to record cumulative restructuring and other charges of approximately $1,551 million (before tax) in connection with initiatives approved since inception of the Restructuring Program through May 28, 2026, which other than the non-cash charges, are expected to”

Gitlab Inc. announced a restructuring with charges of approximately $30 million to $35 million affecting global workforce and geographic footprint (approximately 14% of its global workforce).

“On June 1, 2026 , the board of directors of the Company approved a restructuring plan (the “Plan”). The Company anticipates approximately 14% of its global workforce as of January 31, 2026 may be impacted by the Plan. The Plan is intended to help position the Company for long-term success by realigning its operating structure to optimize execution against its strategic priorities. The Company also expects to exit 22 countries to reduce its team member geographic footprint by approximately 37%. As a result of the Plan, the Company expects to incur approximately $30 million to $35 million in pre-tax restructuring charges, consisting primarily of one-time severance, employee termination benefit costs, and retention costs associated with the execution of the Plan, of which approximately $19 million is expected to be incurred in the second quarter of fiscal year 2027, with the majority of the remainder expected to be recognized over the following three quarters.”

MANHATTAN ASSOCIATES INC announced a restructuring with charges of approximately $7 million to $9 million (approximately 6%).

“On June 1, 2026, Manhattan Associates, Inc. (“Manhattan”) initiated plans to reduce its global headcount by approximately 6%, leveraging increased operational efficiencies and allowing it to focus investments on key strategic priorities. Manhattan estimates that it will incur expenses, substantially all in cash, of approximately $7 million to $9 million in the second quarter of 2026, consisting of severance and other one-time termination benefits in connection with these actions.”

BOSTON PROPERTIES LTD PARTNERSHIP announced a impairment with charges of approximately $17 million affecting Sumner Square property (leasehold interest and improvements) at 17th and M Street, NW, Washington, DC.

“Because the carrying value of the Property exceeds the expected net proceeds from the contemplated sale, the Company and BPLP will recognize a non-cash impairment loss of approximately $18 million and $17 million, respectively, in the second quarter of 2026 in accordance with GAAP.”

SentinelOne, Inc. announced a restructuring with charges of approximately $25 million (approximately 8% of the Company's full-time employees).

“On May 28, 2026, SentinelOne, Inc. (the “Company”) announced a restructuring plan (the “Plan”) to further streamline the Company’s organizational structure, improve efficiencies, and concentrate investments across high-yielding growth areas including AI, Data, Cloud and Endpoint, while continuing to advance the Company’s ongoing commitment to profitable growth. The Plan includes a reduction of the Company’s current full-time employees by approximately 8% of the Company’s full-time employees. The Company currently estimates that it will incur a one-time charge of approximately $25 million in connection with the Plan, approximately $15 million of which are cash-based expenditures.”

Groupon, Inc. announced a restructuring with charges of $7 to $13 million (up to 400 positions globally, including employees and contractors).

“the outcome of which is not pre-determined, which may extend this process beyond the end of the third quarter 2026. The Company estimates it will incur pre-tax charges of $7 to $13 million in connection with its restructuring actions. The majority of the pre-tax charges are expected to be paid in cash and relate to employee severance and compensation”

SUN COMMUNITIES INC announced a impairment with charges of approximately $1.0 billion to approximately $1.1 billion affecting Park Holidays business.

“the Company expects to incur non-cash charges of approximately $1.0 billion to approximately $1.1 billion, as a result of the Transaction consideration being less than the estimate of the current net asset value of the Park Holidays business.”

INTUIT INC. announced a restructuring with charges of approximately $300 million to $340 million (approximately 17%).

“On May 20, 2026, the Company announced a plan (the “Plan”) to simplify its organizational structure and become a faster, leaner, more focused company. As part of the Plan, the Company will reduce its full-time workforce by approximately 17% and is considering the closure of certain of its sites in service to growing technology teams and capabilities in strategic locations. The Company estimates that it will incur approximately $300 million to $340 million in charges in connection with the Plan, primarily in its fourth fiscal quarter ending July 31, 2026.”

BestGofer Inc. announced a impairment with charges of $78,754 affecting wholly-owned subsidiary, Liberty Home Inspection Services LLC (LHIS).

“management’s determination, made on or about May 5, 2026, that goodwill in the amount of $78,754 should have been fully impaired as of February 28, 2026”

STARBUCKS CORP announced a restructuring with charges of approximately $400 million of restructuring charges affecting domestic and international support organization, non-retail facilities, Starbucks Reserve and Roastery locations.

“Of the approximately $400 million of restructuring charges to be incurred, the Company anticipates that approximately $280 million will be non-cash charges due to impairment of long-lived assets, including right-of-use lease assets, primarily related to reassessment of the asset group associated with its ongoing Starbucks Reserve and Roastery locations and optimizing its non-retail support facility portfolio. The remaining $120 million of restructuring charges will be cash charges primarily related to employee separation benefits due to further optimization of our global support organization.”

SOBR Safe, Inc. announced a restructuring with charges of approximately $105,000 (11 employees (approximately 70%)).

“operating costs by approximately $1.6 million. In connection with the restructuring, the Company estimates that it will incur aggregate restructuring charges of approximately $105,000, which will be recorded primarily in the second quarter of 2026, related to severance payments and other employee-related costs, and contract termination costs. The cash payments”

CISCO SYSTEMS, INC. announced a restructuring with charges of up to $1 billion.

“Cisco currently estimates that it will recognize pre-tax charges to its GAAP financial results of up to $1 billion consisting of severance and other one-time termination benefits, and other costs.”

AMERICAN WOODMARK CORP announced a restructuring with charges of approximately $36.0 million to $40.0 million affecting Monterrey, Mexico plant (employees at the Monterrey plant were notified of this decision).

“of this decision. The Company currently estimates it will incur total one-time cash and non-cash charges related to the Mexico Plant Consolidation in the range of approximately $36.0 million to $40.0 million; of which, approximately $32.5 million to $36.5 million will be incurred during fiscal 2027, and approximately $3.6 million will be incurred in subsequent fiscal”

Under Armour, Inc. announced a restructuring with charges of up to $50 million of additional charges, resulting in a total restructuring plan of approximately $305 million.

“On May 11, 2026, the Company's Board of Directors approved up to $50 million of additional charges, resulting in a total restructuring plan of approximately $305 million”

ZoomInfo Technologies Inc. announced a restructuring with charges of estimated aggregate pre-tax charges in the range of $45 million to $60 million (global reduction in force of approximately 600 employees, impacting approximately 20% of the Company's ending first quar).

“are expected to be incurred in the second and third quarters of 2026. The 2026 Restructuring Program is expected to result in estimated aggregate pre-tax charges in the range of $45 million to $60 million, the majority of which are expected to result in cash expenditures. These expenditures primarily consist of one-time termination benefits to affected employees,”

AUTOLIV INC announced a restructuring with charges of approximately $142 million affecting Türkiye manufacturing plants (steering wheels, airbags, and seatbelts) (approximately 2,200 employees).

“On May 8, 2026, Autoliv, Inc. (the “Company”) management approved a plan to close its manufacturing plants in Türkiye, which manufacture steering wheels, airbags, and seatbelts. Autoliv expects to incur a final pre-tax charge of approximately $142 million to implement these capacity alignments”

Koppers Holdings Inc. announced a restructuring with charges of $227 million to $262 million affecting Stickney, Illinois facility (approximately 85 employees).

“potentially appropriate uses for the Stickney facility following the end of production activities. The Company expects this action to result in pre-tax charges to earnings of $227 million to $262 million through the end of 2029, approximately $170 million to $195 million of which constitutes non-cash charges and approximately $57 million to $67 million of which”

Sono Group N.V. announced a restructuring affecting legacy solar operations.

“the formal transfer of its now former subsidiary Sono Motors GmbH ("Sono Motors") to companies controlled by Sono Motors' own management team. The transaction closed and took legal effect on May 4, 2026, bringing to a close the solar exit the Company announced in March.”

Cloudflare, Inc. announced a restructuring with charges of between $140 million and $150 million (approximately 20%).

“On May 7, 2026, the Company announced a plan (the “Plan”) designed to further accelerate its evolution to an agentic AI-first operating model. As part of the Plan, the Company expects to reduce its current workforce by approximately 20%. The Company currently estimates that it will incur charges of between $140 million and $150 million in connection with the Plan”

Cloudflare, Inc. announced a restructuring with charges of between $140 million and $150 million (approximately 20%).

“On May 7, 2026, the Company announced a plan (the “Plan”) designed to further accelerate its evolution to an agentic AI-first operating model. As part of the Plan, the Company expects to reduce its current workforce by approximately 20%. The Company currently estimates that it will incur charges of between $140 million and $150 million in connection with the Plan”

Vital Farms, Inc. announced a restructuring affecting butter product offerings.

“On May 1, 2026, management of the Company elected to wind down and discontinue its butter product offerings to focus on its core egg product categories, with such discontinuation expected to be substantially completed by the end of fiscal 2026.”

UPWORK, INC announced a restructuring with charges of approximately $16 million to $23 million (approximately 24%).

“of the Restructuring Plan to be substantially complete in the fourth quarter of 2026. In connection with these actions, the Company estimates that it will incur approximately $16 million to $23 million in pre-tax restructuring charges to its GAAP financial results, consisting primarily of severance and other one-time termination costs for the Company’s impacted”

BILL Holdings, Inc. announced a restructuring with charges of approximately $30 million to $60 million (up to 30%).

“On May 7, 2026, the Company additionally announced that it will reduce its workforce by up to 30% (the “Restructuring”). The Restructuring is part of the Company’s ongoing efforts to improve organizational agility and efficiency, while also seeking to drive greater profitability. The Company currently estimates that it will incur charges of approximately $30 million to $60 million in connection with the Restructuring, consisting primarily of cash expenditures for severance payments, employee benefits, and related costs as well as non-cash charges related to stock-based compensation expense.”

BestGofer Inc. announced a impairment with charges of $78,754 affecting Liberty Home Inspection Services LLC.

“On May 5, 2026, the management of BestGofer, Inc. (the “Company”) concluded that a material non-cash charge for the impairment of goodwill associated with the Company’s wholly-owned subsidiary, Liberty Home Inspection Services LLC (“LHIS”), is required as of February 28, 2026, the end of the Company’s first fiscal quarter of 2026. The estimated amount of the impairment charge is $78,754”

reAlpha Tech Corp. announced a restructuring with charges of $0.14 million to $0.20 million affecting global – marketing, technology, product, design, real estate, and mortgage (approximately 25% of the Company’s global workforce).

“Plan as well as savings related to certain restricted stock units lapsing over the next twelve months. The Company estimates that it will incur pre-tax charges in the range of $0.14 million to $0.20 million in connection with the Plan, consisting of approximately $0.10 to $0.15 in future cash-based expenditures associated with severance and benefit payments and”

Kyndryl Holdings, Inc. announced a restructuring with charges of approximately $200 million.

“The Company estimates that it will incur workforce rebalancing charges of approximately $200 million, primarily consisting of future cash expenditures for severance and related benefits.”

Ingredion Inc announced a impairment with charges of approximately $36 million affecting Cabo, Brazil manufacturing facility.

“In connection with the cessation of operations at the Cabo manufacturing facility, the Company expects to record approximately $36 million in pre-tax, non-cash impairment charges in the second quarter of 2026 relating to fixed asset and inventory write-downs.”

Ingredion Inc announced a restructuring with charges of approximately $43 million affecting Cabo, Brazil manufacturing facility.

“underlying real property but has not entered into a contract of sale as of the date of this report. The Company expects to incur pre-tax non-recurring charges of approximately $43 million under the plan, of which approximately $36 million is expected to consist of impairment charges relating to fixed asset and inventory write-downs and approximately $7 million is”

Freshworks Inc. announced a restructuring with charges of between approximately $7 million and $9 million (approximately 500 employees).

“On May 5, 2026, the Company announced a restructuring plan (the “Plan”) to streamline the Company’s organizational efforts and product development process, as well as increase leverage of AI and automation across the business. The Plan is expected to affect approximately 500 employees globally, representing approximately 11% of the Company’s global workforce. In connection with the Plan, the Company currently estimates it will incur a charge of between approximately $7 million and $9 million in the second quarter of 2026, which consists primarily of cash expenditures for severance payments, employee benefits, and related costs.”

Coinbase Global, Inc. announced a restructuring with charges of $50 million to $60 million (approximately 700 employees, representing approximately 14% of the Company's global workforce as of May 1, 2026).

“The Plan involves a reduction of the Company’s workforce by approximately 700 employees, representing approximately 14% of the Company’s global workforce as of May 1, 2026. The Company expects execution of the Plan to be substantially complete in the second quarter of 2026. In connection with these actions, the Company estimates that it will incur approximately $50 million to $60 million in total restructuring expenses”

MARCHEX INC announced a impairment with charges of noncash impairment charge related to the right‐of‐use asset affecting right-of-use asset associated with the underlying office space.

“In connection with the Company’s entry into the Sublease Agreement with RentSpree described under Item 1.01 of this Current Report on Form 8‐K, the Company determined that the carrying value of its right‐of‐use asset associated with the underlying office space exceeds its estimated fair value. As a result, the Company will record a noncash impairment charge related to the right‐of‐use asset during the first quarter of 2026.”

Cboe Global Markets, Inc. announced a restructuring with charges of approximately $36 million to $46 million (approximately 20%).

“In connection with these additional actions related to the Company’s strategic realignment, the Company expects to incur pre-tax restructuring charges of approximately $36 million to $46 million, primarily for severance payments and related costs. The majority of these costs are expected to be incurred beginning in the second quarter of 2026 through the fourth quarter of 2026. The Company anticipates annualized pre-tax cost savings related to these additional actions related to the Company’s strategic realignment of approximately $40 million to $50 million and anticipates realizing $20 million to $25 million of savings in 2026. The actions associated with the elimination of positions are subject to local law and consultation requirements in certain countries, which may extend this process beyond the end of 2026. When these additional strategic realignment actions are combined with the Company’s earlier actions to sell, wind down, and optimize certain businesses, the Company expects to”

Origin Materials, Inc. announced a restructuring with charges of approximately $2.1 million (approximately 59%).

“its workforce by approximately 59%, resulting in an approximately $14.0 million decrease in annual operating expenses. Origin anticipates that it will incur approximately $2.1 million in restructuring charges in connection with the workforce reduction, primarily consisting of cash expenditures of approximately $2.1 million for severance and benefits costs.”

COLGATE PALMOLIVE CO announced a restructuring with charges of Total pre-tax charges estimated between $350 million and $550 million, increased from $200-$300 million, comprising employee-related costs (70%-80%) and asset-r affecting North America (5%-10%), Latin America (15%-20%), Europe, Middle East & Africa (25%-30%), Asia Pacific (10%-15%), Hill's Pet Nutrition (10%-15%), and Corporate (20%-25%) (Employee-related costs, including severance and other termination benefits (70% to 80% of total charges)).

“Building on the successful implementation of the Strategic Growth and Productivity Program to date, on April 30, 2026, the Company’s Board approved an expansion of the program to continue to align the Company’s operations to drive future growth and support the Company’s 2030 strategy. The Strategic Growth and Productivity Program is now estimated to result in cumulative pre-tax charges, once all initiatives are approved and implemented, totaling between $350 million and $550 million, increased from $200 million to $300 million. These pretax charges are currently estimated to be comprised of the following: employee-related costs, including severance and other termination benefits (70% to 80%) and asset-related costs and other charges (20% to 30%), which include accelerated depreciation, asset write-offs, contract termination and other exit costs. It is estimated that approximately 80% to 90% of the charges will result in cash expenditures and substantially all charges resulting from the”

Autolus Therapeutics plc announced a restructuring with charges of total restructuring charges of approximately $8 million, consisting primarily of employee severance and related costs affecting all areas of the business (approximately 13% of the Company’s workforce).

“Item 2.05 Costs Associated with Exit or Disposal Activities. On April 29, 2026, Autolus Therapeutics plc (the “Company”) announced its Board of Directors approved a plan to improve operational efficiency and reduce operating expenses. This plan will implement a reduction in force whereby the Company will eliminate approximately 13% of the Company’s workforce, inclusive of employee-related actions that began in the second half of 2025. The Company anticipates that it will complete the implementation of the plan by the third quarter of 2026. Affected employees will be offered separation benefits, including severance payments and, where applicable, temporary healthcare coverage assistance. The Company estimates that it will incur total expenses relating to the realignment of approximately $8 million, consisting of severance and termination-related costs. The Company expects to record a significant portion of these charges in the first half of 2026.”

Passage BIO, Inc. announced a restructuring with charges of approximately $3.3 million (approximately 75%).

“The Company expects that the aggregate severance and exit costs for the Restructuring Plan will be approximately $3.3 million, which will be recorded primarily in the second quarter of 2026.”

IAC Inc. announced a restructuring with charges of approximately $14 million in severance and related expenses, $48 million in non-cash stock-based compensation expense and $0.5 million to $1 million in other co affecting corporate functions consolidation with People Inc. (reduction in workforce).

“Ahead of its name change to "People Incorporated" which is expected to occur with the release of Q2 2026 earnings in August, the Company has initiated a plan to consolidate its corporate functions with those of its People Inc. business (" People "), through a reduction in workforce, technology integrations, and other cost-saving measures over the coming quarters (the " Plan "). The Plan is expected to generate annual run-rate cost savings of approximately $40 million. The Plan is expected to be completed by Q1 of 2027. The Company expects to incur approximately $14 million in severance and related expenses, $48 million in non-cash stock-based compensation expense and $0.5 million to $1 million in other costs related to the Plan.”

Vertex, Inc. announced a restructuring with charges of approximately $6 million to $8 million (approximately 170 employees, representing approximately 9% of the Company’s global workforce).

“On April 28, 2026, the Vertex, Inc. (the “Company”) announced its Board of Directors (the “Board”) approved a global Value Creation Plan (the “Plan”) intended to become a more AI-enabled company, focus investments on key growth opportunities and drive operational efficiency to better align the Company’s workforce and resources with its long-term strategic priorities. The Plan includes a reduction in force of approximately 170 employees, representing approximately 9% of the Company’s global workforce as of April 27, 2026. In connection with the Plan, the Company estimates that it will incur aggregate pre-tax charges of approximately $6 million to $8 million, consisting primarily of cash expenditures related to employee severance, notice pay, statutory termination indemnities, and other employee separation benefits.”

Limoneira CO announced a impairment with charges of approximately $9,300,000.

“As a result of the transactions contemplated by the Purchase Agreement, we determined on April 14, 2026 that we will recognize an impairment of property, plant and equipment to be recorded in the second quarter of fiscal year 2026, which is currently estimated to be approximately $9,300,000.”

Owens Corning announced a impairment with charges of approximately $140 million affecting global glass reinforcements business.

“On February 14, 2025, Owens Corning (the “Company”) disclosed an expected impairment charge associated with the announced sale of the Company’s global glass reinforcements business (the “GR Business”) and that, beginning with the Quarterly Report on Form 10-Q for the period ended March 31, 2025, the GR Business’s financial results would be reflected in the Company’s consolidated financial statements as discontinued operations for all periods presented, and the GR Business would be classified as “held for sale." Based on the revised terms of the Transaction (as described below), the Company will recognize an additional loss on sale of approximately $140 million related to a decrease in the agreed purchase price and changes in other net assets, subject to finalized cumulative foreign currency adjustments, net working capital adjustments, and costs to sell.”

Snap Inc announced a restructuring with charges of $95 million to $130 million (approximately 16% of our global full-time employees).

“increased operational efficiencies to accelerate our path toward net-income profitability. As a result, we currently estimate that we will incur pre-tax charges in the range of $95 million to $130 million, primarily consisting of severance and related costs, contract termination costs, and other impairment charges, of which $75 million to $100 million are expected”