---
schema_version: "secwatch.filing_event.v1"
accession: "0001617553-23-000028"
form_type: "8-K"
ticker: "ZIP"
cik: "0001617553"
company_name: "ZIPRECRUITER, INC."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:31:00.802448+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ZipRecruiter to cut ~20% of workforce (270 employees); CEO takes 30% salary reduction; reaffirms guidance

## Summary
- Headcount reduction of ~270 employees (~20% of total), mostly in sales and customer support; completion expected by June 30, 2023.
- Estimated pre-tax charge of $7M-$9M in Q2 2023 for severance and termination benefits.
- CEO Ian Siegel agrees to 30% base salary reduction effective June 1, 2023; waives 'good reason' claim related to reduction.
- Reaffirms Q2 2023 revenue guidance $167M-$173M and FY2023 adjusted EBITDA $178M-$192M.

## SEC filing metadata
- accession: 0001617553-23-000028
- form_type: 8-K
- ticker: ZIP
- cik: 0001617553
- company_name: ZIPRECRUITER, INC.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1617553/000161755323000028/0001617553-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1617553/000161755323000028/zip-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001617553-23-000028
- JSON: https://secwatch.observer/filing/0001617553-23-000028.json
- Plain text: https://secwatch.observer/filing/0001617553-23-000028.txt

## Key facts
- Restructurings & Charges
  ZIPRECRUITER, INC. announced a restructuring with charges of pre-tax charge in the range of $7 million to $9 million during the fiscal quarter ending June 30, 2023, consisting of one-time severance and other termination b affecting global headcount (reduce its global headcount by approximately 270 employees, which represents approximately 20% of the Company's total nu).
  - Type: restructuring
  - Charge: pre-tax charge in the range of $7 million to $9 million during the fiscal quarter ending June 30, 2023, consisting of one-time severance and other termination b
  - Affected area: global headcount
  - Headcount: reduce its global headcount by approximately 270 employees, which represents approximately 20% of the Company's total nu
  source text: On May 31, 2023, ZipRecruiter, Inc. (the “Company”) announced a plan to reduce its global headcount by approximately 270 employees, which represents approximately 20% of the Company's total number of employees prior to the reduction.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1617553/000161755323000028/0001617553-23-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.