MANHATTAN ASSOCIATES INC (MANH): restructuring charge — Manhattan Associates to cut ~6% of global headcount; expects $7M-$9M in severance costs in Q2 2026

MANHATTAN ASSOCIATES INC

Reduces global headcount by ~6% to leverage operational efficiencies and focus on strategic priorities.
Expects $7M to $9M in total cash expenses in Q2 2026, mostly severance and termination benefits.
Plan expected to be substantially completed by end of second quarter 2026.
Intends to exclude these charges from future non-GAAP financial measures.
Reaffirms 2026 financial guidance previously provided on April 21, 2026.

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

MANHATTAN ASSOCIATES INC announced a restructuring with charges of approximately $7 million to $9 million (approximately 6%).

Type: restructuring
Charge: approximately $7 million to $9 million
Headcount: approximately 6%

Exact text from the filing

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.

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Source: SEC EDGAR

accession 0001193125-26-251382

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