TechTarget plans ~10% workforce reduction, charges up to $45M; President departs

TechTarget, Inc.

Reorganization plan approved July 14, 2025; net reduction of up to ~10% of global colleagues.
Estimated aggregate charges $19.5M-$45M; cash portion $9.5M-$15M, non-cash equity $10M-$30M.
Annualized run-rate savings ~$20M expected; fiscal 2025 savings already in prior guidance.
President Rebecca Kitchens to separate July 31, 2025; CEO Gary Nugent assumes her duties.
Plan substantially complete by Q4 2025; charges concentrated in Q3 2025.

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