Sprinklr, Inc. (CXM): restructuring charge — Sprinklr expects Q4/FY25 results at or above guidance; to cut 15% of workforce with ~$25M charge

Sprinklr, Inc.

Preliminary Q4 and FY2025 results expected in-line or above prior guidance (Dec 4, 2024). No further details.
Committed to workforce reduction of ~15% of global employees as of Jan 31, 2025.
Estimates non-recurring charges of ~$25M for severance, benefits, stock compensation.
Majority of charges expected in Q1 and Q2 of FY2026; implementation substantially complete by Q3 FY2026.
Company to invest in go-to-market and R&D hiring, especially for Service product.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.95

Sprinklr, Inc. announced a restructuring with charges of non-recurring charges of approximately $25 million in connection with the workforce reduction under the Plan, consisting of severance payments, notice pay (wher affecting global workforce (approximately 15% of its global workforce as of January 31, 2025).

Type: restructuring
Charge: non-recurring charges of approximately $25 million in connection with the workforce reduction under the Plan, consisting of severance payments, notice pay (wher
Affected area: global workforce
Headcount: approximately 15% of its global workforce as of January 31, 2025

Exact text from the filing

go-to-market resources to grow its core products and R&D resources to harden its Service product. The Company estimates that it will incur non-recurring charges of approximately $25 million in connection with the workforce reduction under the Plan, consisting of severance payments, notice pay (where applicable), employee benefits contributions and related costs, and

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Sprinklr, Inc. filing history →

Source: SEC EDGAR

accession 0001569345-25-000007

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