Dayforce, Inc.: restructuring charge — Dayforce announces workforce reduction of ~5%, expects $18M–$21M restructuring charges in Q1 2025

Dayforce, Inc.

Plan includes ~5% headcount reduction, substantially complete by March 31, 2025.
Pre-tax restructuring charges of $18M–$21M for severance, benefits, plus $6M–$8M non-cash stock comp.
Expects pre-tax cost savings of ~$65M in FY2025 and $80M annualized run-rate.
Savings to be reinvested in strategic growth; reflects increased 2025 adjusted EBITDA guidance from Feb 5.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

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).

Type: restructuring
Charge: 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
Affected area: global workforce
Headcount: approximately 5% of the Company’s current workforce

Exact text from the filing

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

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Source: SEC EDGAR

accession 0000950170-25-027313

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