Restructurings & Charges

UiPath, Inc. announced a restructuring with charges of increase the total anticipated restructuring costs by $5 million, such that the high end of the anticipated costs will be $30 million affecting operational and corporate functions, go-to-market investments, and research and development.

“on March 6, 2025, the Board approved modifications to the restructuring actions, as described in the July 2024 8-K, to (1) increase the total anticipated restructuring costs by $5 million, such that the high end of the anticipated costs will be $30 million; and (2) extend the time period in which the restructuring costs are incurred such that the costs are expected to be incurred by the end of the second quarter of fiscal year 2026.”

Alector, Inc. announced a restructuring with charges of approximately $2.4 million affecting the organization (approximately 25 employees).

“its operating expenses and capital expenditure requirements through 2026. One-time restructuring charges associated with the reduction in force are expected to be approximately $2.4 million, primarily consisting of personnel expenses such as salaries, one-time severance payments, and other benefits. Cash payments related to these expenses will be paid out and the”

Inozyme Pharma, Inc. announced a restructuring with charges of approximately $1.8 million affecting all areas of the Company (approximately 25%).

“On March 7, 2025, the Company's Board of Directors approved a reduction of the Company’s workforce by approximately 25% across all areas of the Company, as part of the Company’s decision to prioritize activities to support the planned Biologics License Application filing for INZ-701 for the Company’s lead indication, ENPP1 Deficiency. The Company expects to incur approximately $1.8 million in connection with the workforce reduction, which primarily represents one-time employee termination benefits directly associated with the workforce reduction.”

Wayfair Inc. announced a restructuring with charges of approximately $33 million to $38 million affecting Technology organization (approximately 340 members of its Technology team).

“As a result of this reorganization, the Company expects to incur aggregate charges of approximately $33 million to $38 million, consisting primarily of cash employee-related costs, including severance, benefits and transition costs (excluding non-cash charges associated with equity-based compensation).”

LiveRamp Holdings, Inc. announced a restructuring with charges of approximately $6.5 million affecting workforce restructuring (approximately 65 full-time employees).

“On March 6, 2025, LiveRamp Holdings, Inc. (the “Company”) announced a workforce restructuring involving approximately 65 full-time employees, representing approximately 5% of the Company’s full-time employees. The restructuring is part of a broader strategic reprioritization to build a stronger, more profitable company by tightening our focus and simplifying and driving efficiency into our business processes. We estimate that we will incur approximately $6.5 million of restructuring and related charges primarily related to employee severance and benefits, substantially all of which we expect to incur in the fourth quarter of our fiscal year ending March 31, 2025.”

MARIN SOFTWARE INC announced a restructuring with charges of between approximately $1.2 million and $1.4 million (approximately 22 employees, representing approximately 28% of the Company’s global employees).

“expects to substantially complete the 2025 Restructuring Plan by the end of the quarter ending March 31, 2025. The Company estimates that it will incur between approximately $1.2 million and $1.4 million of cash expenditures in connection with the 2025 Restructuring Plan, substantially all of which relates to severance costs. The Company expects to recognize the”

IGM Biosciences, Inc. announced a restructuring with charges of between $0.7 million and $2.0 million.

“As a result of the 2025 Restructuring, the Company estimates it will incur total restructuring charges between $0.7 million and $2.0 million, consisting of cash expenditures between $4.1 million and $5.4 million for severance and one-time termination costs offset by non-cash compensation and stock-based compensation expense credit of $3.4 million.”

Hewlett Packard Enterprise Co announced a restructuring with charges of approximately $350 million.

“On March 6, 2025, the Board of Directors approved a cost reduction program (the "Program") intended to reduce structural operating costs and continue advancing the Company's ongoing commitment to profitable growth. The Program is expected to be implemented through fiscal year 2026 and deliver gross savings of approximately $350 million by fiscal year 2027 through reductions in the Company's workforce. In order to achieve this level of cost savings, HPE estimates cash charges of approximately $350 million over the next two years in connection with the Program, with approximately $250 million to be incurred in fiscal year 2025, and the remaining $100 million to be incurred in the fiscal year 2026.”

ALX ONCOLOGY HOLDINGS INC announced a restructuring with charges of approximately $2.2 million affecting research and preclinical development (approximately 30% of the Company's employees).

“strategy. The reduction in workforce is expected to be substantially completed by the end of May 2025. The Company estimates that it will incur expenses of approximately $2.2 million for severance payments and employee benefits in connection with the reduction in force, primarily related to research and preclinical development, with the expenses expected to”

INTEST CORP announced a restructuring with charges of $350,000 affecting Videology Imaging Corporation Netherlands facility (certain employees at that location).

“intends to fully vacate the Netherlands facility. As a result of this action, the Company expects to incur cash charges for severance and other one-time termination benefits of $350,000. In addition, the Company expects to incur cash charges for other costs related to the facility consolidation, including moving costs, costs associated with the termination of”

PIXELWORKS, INC announced a restructuring with charges of approximately $0.4 million affecting operations, research and development, and marketing (approximately 6% reduction in workforce).

“the restructuring to be substantially complete by the end of the first quarter ending March 31, 2025 and expects to incur total estimated restructuring charges of approximately $0.4 million related to employee severance and benefits. The Company expects that these charges will largely be recorded in the first quarter of 2025. In addition to the restructuring”

ABUNDIA GLOBAL IMPACT GROUP, INC. announced a impairment with charges of $6,392,874 affecting Hupecol Meta.

“The Company took an impairment charge of $6,392,874 related to its investment in Hupecol Meta.”

MICROCHIP TECHNOLOGY INC announced a restructuring with charges of approximately $45 million affecting long-term supply agreements with certain wafer foundries.

“The Company also expects to incur charges of approximately $45 million in connection with the cancellation or modification of long-term supply agreements that the Company has with certain wafer foundries.”

MICROCHIP TECHNOLOGY INC announced a restructuring with charges of between $30 million and $40 million affecting Fab 4 facility in Gresham, Oregon, Fab 5 facility in Colorado Springs, Colorado, backend manufacturing facility in the Philippines, various business units and support groups (approximately 2,000 employees).

“business units and support groups. The total headcount reductions from these actions will be approximately 2,000 employees and the Company estimates that it will incur between $30 million and $40 million of related costs, consisting of cash severance, other severance benefits and other related restructuring costs. The Company expects these actions to be”

HP INC announced a restructuring with charges of approximately $150 million (approximately 1,000 to 2,000 employees).

“HP anticipates incurring approximately $150 million in additional restructuring and other charges in connection with the plan amendment, due primarily to cash labor costs, for a total of approximately $1.2 billion in restructuring and other charges over the course of fiscal 2023 through fiscal 2025. HP expects incremental gross workforce reductions of approximately 1,000 to 2,000 employees”

Autodesk, Inc. announced a restructuring with charges of approximately $135 million to $150 million affecting world-wide restructuring plan (approximately 9% of the Company’s workforce, or approximately 1,350 employees).

“workforce, or approximately 1,350 employees, other exit costs, and facility reductions. The Company anticipates incurring total pre-tax restructuring charges of approximately $135 million to $150 million, a substantial majority of which would result in cash expenditures. The Company expects to complete the 2026 Plan by the end of its fourth quarter of fiscal 2026”

Digimarc CORP announced a restructuring with charges of primarily consisting of severance payments, employee benefits and other one-time termination costs affecting global workforce (up to 90 employees).

“On February 26, 2025, Digimarc announced a reduction of its global workforce, which could impact up to 90 employees, to streamline the Company’s team structure to better align with its long-term growth initiatives and profitability objectives. Digimarc expects this reorganization to be substantially complete in the first quarter of 2025. Digimarc estimates that it will incur approximately $3.0 million in costs during the first quarter of 2025 in connection with the reorganization, primarily consisting of severance payments, employee benefits and other one-time termination costs.”

BEYOND MEAT, INC. announced a impairment with charges of approximately $12.0 million to $17.0 million affecting China.

“In addition, the Company currently estimates that it will incur one-time non-cash charges of approximately $12.0 million to $17.0 million, primarily related to accelerated depreciation and impairment charges and other write-downs on certain fixed assets in China.”

BEYOND MEAT, INC. announced a restructuring with charges of approximately $0.5 million to $1.0 million affecting China (approximately 20 employees, representing approximately 95% of the Company’s China workforce (or approximately 3% of the).

“decision was based on cost-reduction initiatives intended to reduce operating expenses. The Company currently estimates that it will incur one-time cash charges of approximately $1.0 million to $1.5 million in connection with the 2025 RIF, primarily consisting of severance payments, employee benefits and related costs, in all cases, provided to departing employees.”

BEYOND MEAT, INC. announced a restructuring with charges of approximately $1.0 million to $1.5 million affecting North America and the EU (approximately 44 employees, representing approximately 17% of the Company's global non-production workforce (or approxim).

“decision was based on cost-reduction initiatives intended to reduce operating expenses. The Company currently estimates that it will incur one-time cash charges of approximately $1.0 million to $1.5 million in connection with the 2025 RIF, primarily consisting of severance payments, employee benefits and related costs, in all cases, provided to departing employees.”

Dayforce, Inc. announced a restructuring with charges of approximately $18 million to $21 million on a pre-tax basis for severance payments, employee benefits and related costs and approximately $6 million to $8 milli affecting global workforce (approximately 5% of the Company’s current workforce).

“31, 2025, subject to local legal requirements. As a result, the Company expects to incur total non-recurring restructuring charges in the first quarter of 2025 of approximately $18 million to $21 million on a pre-tax basis for severance payments, employee benefits and related costs and approximately $6 million to $8 million in non-cash charges for stock-based”

ON SEMICONDUCTOR CORP announced a restructuring with charges of between $50 million and $60 million in employment-related charges for, among other things, one-time cash payments for severance, benefits expenses, payroll taxe affecting company-wide restructuring plan that will impact all business groups including the worldwide manufacturing organization (approximately 2,400 employees).

“On February 24, 2025, ON Semiconductor Corporation (the “ Company ” and, together with its subsidiaries, “ onsemi ”) initiated a company-wide restructuring plan that will impact all business groups including the worldwide manufacturing organization (the “ Restructuring Plan ”). This Restructuring Plan, as approved by management, consists of cost reduction initiatives designed to align onsemi’s spending with current business trends while enabling the Company to continue to make progress towards its long-term financial operating model. Under the Restructuring Plan, onsemi intends to reduce its global workforce by approximately 2,400 employees. onsemi expects this reduction in force to be completed during 2025, subject to applicable local law and regulations. The Company estimates that it will incur between $50 million and $60 million in employment-related charges for, among other things, one-time cash payments for severance, benefits expenses, payroll taxes and other ancillary charges.”

Flywire Corp announced a restructuring with charges of approximately $7-9 million (approximately 10%).

“On February 23, 2025, the board of directors of the Company approved a restructuring plan that is designed to improve operational efficiencies, reduce operating costs and better align the Company’s workforce with current business needs, top strategic priorities and key growth opportunities (collectively, the “Restructuring Plan”). The Restructuring Plan includes reduction of the Company’s workforce by approximately 10%. The Company estimates that it will incur approximately $7-9 million in charges in connection with the Restructuring Plan”

Kiniksa Pharmaceuticals International, plc announced a restructuring with charges of approximately $19 million in expenses and expects to record approximately $14 million to $17 million in additional expenses affecting Phase 2b clinical trial of abiprubart in Sjögren’s Disease.

“completion of winddown activities expected to occur by the end of 2025. As a result of the termination of the Phase 2b clinical trial, the Company has incurred approximately $19 million in expenses and expects to record approximately $14 million to $17 million in additional expenses, almost entirely consisting of expenses related to contract termination costs”

Cambium Networks Corp announced a restructuring with charges of approximately $2.2 million (approximately 55 positions).

“The Company expects to incur charges under the plan (including severance payments, employee benefits, share-based compensation expense and other costs) of approximately $2.2 million, the majority of which will be cash expenditures incurred in the first quarter of 2025. The actions associated with the employee restructuring under the plan and the costs”

Grocery Outlet Holding Corp. announced a restructuring with charges of between $52 million and $61 million affecting corporate (Grocery Outlet) (approximately 40 full-time employees).

“expected to be substantially completed by the first half of fiscal 2025. The Company currently estimates that it will incur total costs under the Restructuring Plan of between $52 million and $61 million, of which between $36 million and $45 million are expected to be cash expenditures. The Restructuring Plan includes the activities set forth below. • The Company”

Repare Therapeutics Inc. announced a restructuring with charges of approximately $7.3 million related to employee severance payments and related costs (approximately 75%).

“These plans were communicated to affected employees on February 24, 2025. The Company expects to incur one-time cash charges associated with the Reorganization of approximately $7.3 million related to employee severance payments and related costs, which are expected to be incurred through the fourth quarter of 2025. In addition, the Company has committed to pay”

LAVA Therapeutics NV announced a restructuring with charges of approximately $0.5 million (approximately 30%).

“On February 20, 2025, LAVA Therapeutics N.V. (the “Company”) adopted a restructuring plan to extend its capital resources in connection with initiating a process to evaluate strategic alternatives. As part of the restructuring plan, the Company is planning a workforce reduction of approximately 30%. The Company anticipates that the reduction in workforce will be completed by July 31, 2025. The Company estimates that it will incur approximately $0.5 million of one-time termination benefits and related taxes related to the workforce reduction, with the majority of such costs to be incurred in the first quarter of 2025.”

Air Products & Chemicals, Inc. announced a impairment with charges of pre-tax charge not to exceed $3.1 billion affecting three U.S. projects (World Energy, Massena, carbon monoxide project in Texas).

“On February 24, 2025, Air Products and Chemicals, Inc. (the “Company”) announced that, as part of a review initiated by its newly-elected Board of Directors and Chief Executive Officer, it would exit three projects in the United States. As a result of this decision, the Company expects to record a pre-tax charge not to exceed $3.1 billion in its fiscal 2025 second quarter, primarily to write down assets and terminate contractual commitments.”

FTI CONSULTING, INC announced a restructuring with charges of approximately $25 million affecting workforce (approximately 4% of the Company’s more than 8,300 employees).

“During the fourth quarter ended December 31, 2024, the Company continued to evaluate components of its workforce, to better align our investment with external market demands. Beginning in October 2024 and continuing into the first quarter of 2025, this evaluation resulted in the Company terminating approximately 4% of the Company’s more than 8,300 employees. All affected employees will be released subject to defined notice periods. The Company estimates that the termination costs associated with these personnel reductions will be approximately $25 million for the fourth quarter of 2024 and first quarter of 2025 combined.”

SOUTHWEST AIRLINES CO announced a restructuring with charges of $60 million to $80 million affecting corporate overhead and leadership positions (approximately 1,750 Employee roles, or 15% of corporate positions).

“$210 million and full-year 2026 savings of approximately $300 million. These savings exclude an expected one-time GAAP pre-tax charge in first quarter 2025 in the range of $60 million to $80 million, substantially all of which is expected to be related to severance payments and post-employment benefits, which the Company expects to treat as a special item.”

Owens Corning announced a impairment affecting global glass reinforcements business (Composites business segment).

“the Company expects to recognize an impairment charge. At this time, the Company is unable in good faith to estimate the full amount or range of estimates of impairment charges associated with the Transaction.”

T2 Biosystems, Inc. announced a restructuring with charges of approximately $1.0 million (substantially all of its employees).

“On February 13, 2025, the Board of Directors (the “Board”) of T2 Biosystems, Inc. (the “Company”) approved a reduction-in-force (the “Reduction-in-Force”) of substantially all of its employees, effective immediately (the “Effective Time”). The Company expects to incur one-time charges and cash expenditures associated with the Reduction-in-Force of approximately $1.0 million, primarily related to employee wages and severance payments, benefits, earned vacation time and related termination costs.”

BIO-RAD LABORATORIES, INC. announced a restructuring with charges of between approximately $45 million and $50 million affecting operations in the United States (approximately 5% of our workforce).

“On February 7, 2025, Bio-Rad Laboratories, Inc. (the “Company”) initiated a strategy-driven restructuring plan in furtherance of our ongoing program to improve operating performance. The restructuring plan primarily impacts our operations in the United States and includes the elimination of certain positions, the consolidation of certain functions, and the relocation of certain operations to lower cost locations. The restructuring plan is expected to eliminate a total of approximately 5% of our workforce. We anticipate the restructuring plan will be substantially completed by the end of fiscal year 2025. We estimate that as a result of this restructuring plan we will incur between approximately $45 million and $50 million in total cost, which we anticipate will consist primarily of one-time termination benefits to the affected employees, including cash severance payments, healthcare benefits, and related transition assistance.”

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of pre-tax noncash asset write-off of approximately $311 million (of which $276 million is accelerated depreciation), and pre-tax cash severance and other shutdown affecting North American Packaging Solutions; containerboard mill in Campti, Louisiana.

“The Company estimates that the closure will result in aggregate pre-tax charges of approximately $357 million, comprised of pre-tax noncash asset write-off of approximately $311 million (of which $276 million is accelerated depreciation), and pre-tax cash severance and other shutdown charges of approximately $46 million.”

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of aggregate pre-tax charges of approximately $357 million affecting North American Packaging Solutions; containerboard mill in Campti, Louisiana (approximately 481 employees).

“On February 11, 2025, International Paper Company (the “Company”) committed to certain actions impacting its North American Packaging Solutions business, which the Company estimates will result in aggregate pre-tax charges of approximately $357 million as further described below.”

Zedge, Inc. announced a restructuring affecting Norwegian operations and GuruShots team (22% workforce reduction).

“On February 5, 2025, the Company announced additional restructuring initiatives, notably the closure of its Norwegian operations.”

BuzzFeed, Inc. announced a restructuring with charges of $1.8 million to $2.0 million affecting HuffPost (approximately 5% reduction in the current workforce).

“in connection with the workforce reduction plan, including severance, outplacement services, and benefits continuation. We estimate that the foregoing charges will range between $1.8 million to $2.0 million, and we expect the charges will be recognized and paid primarily in the first quarter of 2025. The substantial majority of these charges will result in cash”

Getaround, Inc announced a restructuring with charges of approximately $1.5 million to $2.0 million affecting U.S. business operations (car-share and HyreCar) (substantially all of the Company’s U.S. employees).

“On February 7, 2025, the Board of Directors of Getaround, Inc. (the “Company”) approved the orderly wind-down of the Company’s business operations in the United States, which includes its car-share and HyreCar businesses. The Company’s European business will continue operating to provide car-sharing services for customers in all current European markets. In connection with the approval of the wind-down plan, the Board approved a reduction-in-force of substantially all of the Company’s U.S. employees, with most employees separating as of February 14, 2025 and certain others separating during the wind-down or after the wind-down process is completed. Employees of the Company’s European business will not be affected. The Company estimates that it will incur charges of approximately $1.5 million to $2.0 million in connection with the reduction-in-force, primarily consisting of severance payments, notice pay (where applicable), employee benefits contributions and related costs.”

Redfin Corp announced a restructuring with charges of between approximately $18 million and $21 million affecting rentals segment (approximately 450 rentals employees).

“In connection with our entry into the Content License and the Partnership Agreement, we plan to restructure our rentals segment. This restructuring primarily consists of eliminating certain employee roles within, or that support, our rentals segment between February and July, 2025. We expect this restructuring will impact approximately 450 rentals employees. We expect to incur between approximately $18 million and $21 million in total charges in connection with the restructuring.”

Third Harmonic Bio, Inc. announced a restructuring with charges of approximately $2.3 million (approximately 27 employees, representing an approximate 50%).

“On February 11, 2025, the Board of Directors of the Company approved, and management began implementing, a restructuring plan (the “ Restructuring Plan ”) to reduce operating costs and better align its workforce with the needs of its strategic research and development strategy. The implementation of the Restructuring Plan should be substantially complete by the end of the second quarter 2025. Under the Restructuring Plan, the Company is reducing its overall workforce by approximately 27 employees, representing an approximate 50%. Impacted employees are eligible to receive severance benefits. These severance benefits are contingent upon an impacted employee’s execution (and non-revocation) of a severance agreement, which includes a general release of claims against the Company. The Company expects that it will incur approximately $2.3 million of aggregate severance and exit costs in connection with the Restructuring Plan, which will be recorded primarily in the first and second quarters”

Q32 Bio Inc. announced a restructuring with charges of approximately $1.1 million affecting general operations; discontinuing Phase 2 renal basket trial of ADX-097; evaluating strategic options for tissue-targeted complement inhibitor platform (reduction in force).

“the Company expects to incur severance and severance-related charges of approximately $1.1 million”

BLACKBAUD INC announced a impairment with charges of between $385 million and $395 million affecting EVERFI asset group.

“On February 6, 2025, the Company determined that the estimated pre-tax noncash impairment charge related to its EVERFI asset group is expected to be between $385 million and $395 million”

WATTS WATER TECHNOLOGIES INC announced a restructuring with charges of approximately $22 million affecting Hautvillers-Ouville, France facility (approximately 96 positions).

“On February 3, 2025, the Board of Directors of Watts Water Technologies, Inc. (the “Company”) authorized a restructuring program with respect to the Company’s operating facility in Hautvillers-Ouville, France. The restructuring program is expected to include the shutdown of the foundry at the Company’s manufacturing facility in Hautvillers-Ouville, France and the relocation of the facility’s other production activities primarily to other facilities of the Company in France and other locations in Europe. The program is expected to include pre-tax charges totaling approximately $22 million, including costs for severance, relocation, facility exit and clean-up and certain asset write-downs, and result in the elimination of approximately 96 positions at the Hautvillers-Ouville, France facility.”

X4 Pharmaceuticals, Inc announced a restructuring with charges of approximately $3.0 million for severance and other employee termination-related costs affecting the Company (43 employees, or approximately 30% of the Company’s employees).

“The Company estimates that it will incur charges of approximately $3.0 million for severance and other employee termination-related costs, primarily in the first quarter of 2025.”

Sprinklr, Inc. announced a restructuring with charges of non-recurring charges of approximately $25 million in connection with the workforce reduction under the Plan, consisting of severance payments, notice pay (wher affecting global workforce (approximately 15% of its global workforce as of January 31, 2025).

“go-to-market resources to grow its core products and R&D resources to harden its Service product. The Company estimates that it will incur non-recurring charges of approximately $25 million in connection with the workforce reduction under the Plan, consisting of severance payments, notice pay (where applicable), employee benefits contributions and related costs, and”

UNIFI INC announced a restructuring with charges of approximately $5.0 million to $7.5 million affecting Madison, North Carolina facility (up to 250 positions).

“On February 3, 2025, Unifi, Inc. issued a news release announcing that its wholly-owned subsidiary, Unifi Manufacturing, Inc. (together referred to as “UNIFI” or the “Company”), will be closing its facility in Madison, North Carolina, and transitioning those manufacturing operations to other production facilities in North and Central America. The footprint reduction will improve efficiency and allow for a significant increase in utilization rates at the other production facilities. The consolidation of the Company’s yarn manufacturing operations is expected to result in the elimination of up to 250 positions at the Madison facility. The property is currently being marketed for sale and it is anticipated that operations at the Madison facility will cease by the end of September 2025. UNIFI expects to incur restructuring charges of approximately $5.0 million to $7.5 million related to the facility’s closure.”

VISHAY INTERTECHNOLOGY INC announced a impairment with charges of $66.5 million affecting MOSFETs reporting unit.

“the Company recorded a non-cash goodwill impairment charge of $66.5 million to write-off the goodwill of its MOSFETs reporting unit.”

Viracta Therapeutics, Inc. announced a restructuring with charges of approximately $0.1 million.

“The Company expects to incur one-time charges and cash expenditures associated with the workforce reduction of approximately $0.1 million, primarily related to employee wages and severance payments, benefits and related termination costs.”

Sonos Inc announced a restructuring with charges of approximately $15 to $18 million (approximately 12% of its employees).

“The foregoing actions were committed to on February 4, 2025 and are intended to improve the Company’s operating model and cost structure to set the Company up for long-term success. The Company estimates that it will incur approximately $15 to $18 million of restructuring and related charges, substantially all of which are related to employee severance and benefits costs.”