Pixelworks approves 4% workforce reduction; expects $0.6M restructuring charges, $2M annual savings

PIXELWORKS, INC

Board approved restructuring on May 1, 2025; ~4% workforce reduction, primarily in R&D.
Expected restructuring charges of ~$0.6M for severance and benefits, largely in Q2 2025.
Company expects annualized savings of ~$2.0M from the restructuring.
Restructuring expected substantially complete by end of Q2 2025.

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