DHI GROUP, INC. (DHX): restructuring charge — DHI Group restructures into Dice and ClearanceJobs divisions; cuts 8% workforce

DHI GROUP, INC.

Workforce reduced ~8%, primarily in product development and mid-level management.
Positions of Chief Revenue Officer and Chief Marketing Officer eliminated; severance of $315K and $285K, respectively.
Paul Farnsworth named President of Dice; Alex Schildt named President of ClearanceJobs.
Restructuring to incur ~$2.2M cash charges in Q1 2025; annual cost savings estimated at $4M-$6M.
Reorganization expected substantially complete by February 2025.

item 2.05 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Arie Kanofsky

Chief Revenue Officer

DHX · DHI GROUP, INC.

Filed: January 13, 2025, 6:59 PM ET

On January 13, 2025, the Company announced the elimination of the positions of Chief Revenue Officer held by Arie Kanofsky and Chief Marketing Officer held by Amy Heidersbach in accordance with the Company’s intended organizational restructuring.

Departed

Amy Heidersbach

Chief Marketing Officer

DHX · DHI GROUP, INC.

Filed: January 13, 2025, 6:59 PM ET

On January 13, 2025, the Company announced the elimination of the positions of Chief Revenue Officer held by Arie Kanofsky and Chief Marketing Officer held by Amy Heidersbach in accordance with the Company’s intended organizational restructuring.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Arie Kanofsky departed as Chief Revenue Officer at DHI GROUP, INC..

Action: eliminated
Role: Chief Revenue Officer

Exact text from the filing

On January 13, 2025, the Company announced the elimination of the positions of Chief Revenue Officer held by Arie Kanofsky and Chief Marketing Officer held by Amy Heidersbach in accordance with the Company’s intended organizational restructuring.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Amy Heidersbach departed as Chief Marketing Officer at DHI GROUP, INC..

Action: eliminated
Role: Chief Marketing Officer

Exact text from the filing

On January 13, 2025, the Company announced the elimination of the positions of Chief Revenue Officer held by Arie Kanofsky and Chief Marketing Officer held by Amy Heidersbach in accordance with the Company’s intended organizational restructuring.

View on SEC.gov

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

DHI GROUP, INC. announced a restructuring with charges of approximately $2.2 million affecting overall company; Dice and ClearanceJobs divisions (approximately 8%).

Type: restructuring
Charge: approximately $2.2 million
Affected area: overall company; Dice and ClearanceJobs divisions
Headcount: approximately 8%

Exact text from the filing

As a result of the restructuring, the positions of Chief Revenue Officer and Chief Marketing Officer were eliminated. The Company estimates that it will incur approximately $2.2 million in cash charges related to employee severance and benefits and expects all of the $2.2 million to be future cash expenditures. All charges are expected to be recognized in the

View on SEC.gov

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DHI GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001393883-25-000007

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