Phreesia Inc. (NYSE: PHR) implemented a restructuring plan on May 7, 2026, aimed at reducing operating expenses and aligning its cost structure with current business priorities, according to a company statement.

The plan resulted in the elimination of approximately 220 positions, with roughly half of those being contractor roles. The company stated it does not expect the costs associated with the restructuring to be material, with such costs anticipated primarily during fiscal year 2027.

Phreesia expects the restructuring to generate annualized run-rate expense savings, which were incorporated into the company's Adjusted EBITDA outlook for fiscal year 2027 that was provided on March 30, 2026.

The company noted that its expectations regarding costs and savings from the plan are subject to assumptions, and actual amounts may differ materially. Phreesia also indicated it may incur additional costs not currently contemplated due to events that could occur in connection with the restructuring plan.