Zedge, Inc. (ZDGE): restructuring charge — Zedge announces restructuring with 14% workforce cut; targets $1.7M annualized savings

Zedge, Inc.

Reducing global workforce by ~14% (14 employees), primarily in GuruShots unit.
Expects pre-tax annualized cost savings of ~$1.7M from headcount and discretionary spending cuts.
GuruShots player acquisition spend cut for remainder of FY25; team rightsized to approach breakeven while developing GuruShots 2.0.
Most restructuring charges to be reported in Q2 and Q3 of FY25 (ending Jan 31 and Apr 30, 2025).

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

Zedge, Inc. announced a restructuring with charges of not estimable affecting GuruShots (approximately 14 employees, representing approximately 14% of our global workforce).

Type: restructuring
Charge: not estimable
Affected area: GuruShots
Headcount: approximately 14 employees, representing approximately 14% of our global workforce

Exact text from the filing

On January 21, 2025, Zedge, Inc. (the “Company”) announced a corporate restructuring, which includes a workforce reduction involving approximately 14 employees, representing approximately 14% of our global workforce.

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15 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Zedge, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-004803

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