other_material
confidence high
sentiment negative
materiality 0.65
ZoomInfo reduces workforce by 6%, expects $4-5M charges and $28M annual savings
ZoomInfo Technologies Inc.
- Workforce reduction of ~6% in Q2 2025, expected to be substantially complete in the quarter.
- Estimated severance and benefit costs of $4M-$5M; expects ~$28M annual run-rate operating expense savings.
- Company reiterates Q2 and full-year 2025 guidance issued on May 12, 2025.
- Restructuring charges to be excluded from non-GAAP financial measures.
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