Five9 announces 4% workforce reduction and preliminary Q1 results in-line with guidance

Five9, Inc.

Approximately 4% of global workforce reduced; cash expenses estimated at $7-9M for severance and benefits.
Non-cash share-based vesting charges of $1-1.5M expected; expenses primarily in Q2 and Q3 2025.
Preliminary Q1 2025 results expected to be in-line or better than prior guidance; full results in early May.
Restructuring to prioritize AI investments and drive profitable growth; actions substantially complete by end of Q2 2025.

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