Restructurings & Charges

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.”

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”

AIR LEASE CORP announced a restructuring (64 employees, a 40% reduction in workforce as compared to December 31, 2025).

“the Company approved a plan to reduce its workforce, currently affecting 64 employees, a 40% reduction in workforce as compared to December 31, 2025.”

Cars.com Inc. announced a restructuring with charges of approximately $8.5-$9 million (approximately 11% of its full-time roles, including certain management roles and two executive roles).

“On April 9, 2026, the Company also announced a cost reduction program that includes a reduction in the Company’s workforce of approximately 11% of its full-time roles, including certain management roles and two executive roles. In connection with this workforce reduction, the Company expects to incur aggregate charges of approximately $8.5-$9 million, consisting primarily of employee-related costs, including severance, benefits, and other related expenses.”

MOSAIC CO announced a impairment with charges of $350 to $400 million affecting Araxá Mining and Chemical Complex and Patrocínio Complex in Brazil.

“On April 8, 2026, The Mosaic Company (the "Company") announced that it will begin the process of idling and demobilizing its Araxá Mining and Chemical Complex and idling related mining activities at the Patrocínio Complex in Brazil. (the "Araxá Idling"). The Company currently anticipates recording a pre-tax book impact of $350 to $400 million in the first quarter of 2026 with $275 to $300 million for the impairment on assets held for sale and other asset writeoffs and the balance related to severance, contract termination costs, and other idling costs, subject to final accounting determinations.”

GoPro, Inc. announced a restructuring with charges of $11.5 million to $15 million (approximately 145 employees, representing approximately 23% of the Company’s ending first quarter headcount of 631 emplo).

“quarter of 2026 and is expected to be substantially completed by the end of 2026. The Restructuring Plan is expected to result in an estimated aggregate charge in the range of $11.5 million to $15 million. Cash expenditures will be approximately $1.5 million of the estimated aggregate charge in the second quarter of 2026, approximately $5.5 million to $8 million of”

AMERICAS CARMART INC announced a impairment with charges of approximately $14 million affecting assets at the closing locations.

“the Company expects to record a non-cash impairment charge of approximately $14 million related to assets at the closing locations.”

AMERICAS CARMART INC announced a restructuring affecting 42 dealership locations.

“On April 7, 2026, the Board of Directors of America’s Car-Mart, Inc. (the “Company”) approved the closure of 42 of the Company’s 136 dealership locations and a reduction of associated support staff.”

GEOSPACE TECHNOLOGIES CORP announced a restructuring with charges of $0.6 million of termination costs in its second fiscal quarter and incur $0.7 million of costs in its third fiscal quarter ending June 30, 2026 (approximately 20% reduction in the global workforce).

“This organizational change plan will result in approximately 20% reduction in the global workforce, and together with cost-containment measures are expected to produce approximately $10 million of annualized cash savings. In connection with the workforce reduction, the Company expects to incur $0.6 million of termination costs in its second fiscal quarter and incur $0.7 million of costs in its third fiscal quarter ending June 30, 2026.”

Neuronetics, Inc. announced a restructuring with charges of approximately $0.2 million (up to 5% of its employees).

“On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.”

ESTEE LAUDER COMPANIES INC announced a impairment with charges of Asset-related costs from PRGP restructuring initiatives affecting asset-related costs.

“Cumulative charges approved through March 31, 2026 $ 15 $ 3 $ 976 $ 373 $ 1,367”

ESTEE LAUDER COMPANIES INC announced a restructuring with charges of PRGP Restructuring Program expansion approved Feb 3, 2025 affecting global marketing and creative operating model, reorganization and rightsizing of certain areas, simplification and acceleration of processes, outsourcing of select services, evolution of go-to-market (employee severance through a net reduction in workforce).

“Subsequent to January 30, 2026, the Company approved initiatives under the Restructuring Program, primarily relating to the following: • Future of Brand-led Model – The Company approved initiatives to reorganize and simplify its global marketing and creative operating model to make it leaner, faster and more agile and drive greater efficiency and effectiveness. These activities will primarily result in employee severance through a net reduction in workforce.”

SSR MINING INC. announced a impairment with charges of between approximately $310 million and $340 million affecting Çöpler mine.

“on March 24, 2026, the Company determined that it expects to incur a non-cash charge between approximately $310 million and $340 million, as a result of the Purchase Price compared to the estimate of the current net asset value of the Çöpler mine”

EnerSys announced a restructuring with charges of approximately $37 million affecting facility in Tijuana, Mexico (approximately 474 employees).

“On March 25, 2026, EnerSys announced a plan to close its facility in Tijuana, Mexico, which focused on manufacturing lead acid batteries. EnerSys expects to incur a pre-tax charge of approximately $37 million under this restructuring plan when completed, the majority of which is expected to be incurred by the second half of fiscal year 2027, of which $14 million is expected to be non-cash charges primarily from equipment write-offs. Cash charges of approximately $23 million, include severance and employee retention costs, environmental related expenses and equipment decommissioning, along with contractual releases and legal expenses.”

ENDRA Life Sciences Inc. announced a restructuring with charges of approximately $51,000.

“on March 19, 2026, the Company reduced the number of its employees in order to reduce cash expenditures and extend its operational runway. As a result, the Company expects to incur pre-tax cash charges of approximately $51,000 associated with severance payments to former employees.”

GOODYEAR TIRE & RUBBER CO /OH/ announced a restructuring with charges of $100 million and $110 million affecting Europe, Middle East and Africa (EMEA) (reduction of approximately 600 positions across multiple countries within EMEA, while also creating approximately 200 ne).

“the rationalization plan remain subject to consultation with employee representative bodies. The total pre-tax charges associated with these actions are expected to be between $100 million and $110 million, of which $75 million to $85 million are expected to be rationalization charges primarily for associate-related and other exit costs. Total cash outflows for”

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

“On March 14, 2026, the supervisory board of Sono Group N.V. (the “Company”) resolved to terminate all current and future funding commitments to its sole operational subsidiary, Sono Motors GmbH, and to exit the legacy solar operations conducted through Sono Motors GmbH, with immediate effect.”

Frontier Group Holdings, Inc. announced a restructuring with charges of $75 million to $95 million affecting A320neo aircraft fleet.

“the Early Return Agreement is expected to result in charges in the range of $75 million to $95 million in connection with early lease termination and return of aircraft and engines to AerCap to be recognized in the first and second quarters of 2026”

Frontier Group Holdings, Inc. announced a restructuring with charges of $125 million and $175 million affecting A320neo aircraft fleet.

“The Company currently expects to recognize these non-cash charges in the first and second quarters of 2026 and anticipates the charges to range between $125 million and $175 million.”

PLAYSTUDIOS, Inc. announced a restructuring with charges of approximately $4.5 million to $7 million (approximately 27 percent).

“On March 10, 2026, the Company initiated an internal reorganization plan (the “Plan”) which is intended to enhance efficiency and reduce operating expenses. The Plan includes a reduction of the Company’s current total global workforce by approximately 27 percent. The Company expects to substantially complete the personnel reduction by the end of the second quarter of fiscal year 2026, but the timing of certain reductions will vary based on job function and location, including local legal requirements. The Company currently estimates that it will incur approximately $4.5 million to $7 million in charges in connection with the Plan, which will be substantially incurred in the first quarter of fiscal year 2026. These charges primarily relate to employee transition, severance payments, employee benefits, stock-based compensation, and lease termination and other facility-related costs.”

Atlassian Corp announced a restructuring with charges of approximately $225 million to $236 million affecting the Company's workforce (approximately 10% of the Company's workforce).

“efficiency and sustainability. Position eliminations in each country are subject to local law and consultation requirements. The Company estimates it will incur approximately $225 million to $236 million in charges in connection with these actions, of which approximately $169 million to $174 million is expected to result in future cash outlays related to”

WESTERN ALLIANCE BANCORPORATION announced a impairment with charges of $126.4 million affecting commercial loan facility collateralized by accounts receivable purchased from First Brands Group.

“On March 2, 2026, the Company concluded that a material charge for impairment would result from notification of this breach of contract. The outstanding balance on this loan is $126.4 million. Based on currently available information, the non-cash impairment charge associated with this facility, which will be recognized in the first quarter of 2026, will be $126.4 million.”

InMed Pharmaceuticals Inc. announced a restructuring with charges of severance and other employee-related costs of approximately $550,000 and expects to incur additional related expenditures of approximately $120,000 affecting BayMedica LLC commercial operations business segment.

“In connection with the wind down of commercial operations, BayMedica is expected to incur severance and other employee-related costs of approximately $550,000 and expects to incur additional related expenditures of approximately $120,000 through the end of the fiscal year.”

Traeger, Inc. announced a restructuring with charges of between approximately $32.0 million and $36.0 million.

“the Company now expects to incur pre-tax charges related to currently known and reasonably estimable actions of Project Gravity of between approximately $32.0 million and $36.0 million (the “Total Costs”), which primarily consist of cash expenditures.”

NIKE, Inc. announced a restructuring with charges of pre-tax charges of approximately $300 million (primarily associated with employee severance costs).

“On February 27, the Company’s management approved a plan to implement certain organizational changes, which together with previously approved actions, are expected to result in pre-tax charges of approximately $300 million for the nine months ended February 28, 2026, primarily associated with employee severance costs”

Grocery Outlet Holding Corp. announced a restructuring with charges of between $14 million and $25 million affecting 36 financially underperforming stores; one distribution center facility.

“The Company estimates that it will incur between $14 million and $25 million in net total restructuring charges in fiscal 2026 related to the Optimization Plan approved in the first quarter of fiscal 2026.”