ZoomInfo Technologies (GTM) announced on May 11, 2026 that its board approved a "2026 Restructuring Program" eliminating approximately 600 positions, roughly 20% of its first-quarter headcount. The company is closing its Israel R&D center entirely and transitioning some positions to the U.S., Canada, Ireland, and India. Approximately 340 employees in the U.S., India, and the U.K. received immediate notifications of role eliminations.
ZoomInfo expects $45 to $60 million in pre-tax restructuring charges, mostly in cash, with the program substantially complete by end of 2026. The company is targeting $60 million in annual run-rate operating expense savings. CEO Henry Schuck linked the restructuring to a strategic shift upmarket toward enterprise customers, adoption of consumption-based pricing models, and increasing customer-facing engineering capacity.
Impacted employees receive cash severance, equity acceleration for unvested shares, and U.S. employees get medical premium subsidies. The stock fell sharply on the news alongside a revenue guidance miss. ZoomInfo's restructuring follows a broader pattern of enterprise software companies cutting headcount to fund AI-driven product development while pivoting business models.