ZoomInfo plans 3% workforce reduction, expects $6M restructuring charge

ZoomInfo Technologies Inc.

Reducing ~3% of employee positions to flatten organizational structure and speed decision-making.
Estimated restructuring charge of ~$6 million, primarily recognized in Q2 2023.
Impacted employees receive avg 10 weeks severance, accelerated equity vesting, COBRA or education fund support.
Company continues to hire in sales, engineering, and customer success to invest in generative AI.
Plan aims to drive long-term growth and continued profitability through efficiency.

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