ZoomInfo Technologies (NASDAQ: GTM) announced a restructuring program approved by its board of directors on May 5, 2026, aimed at reducing operating costs and improving operating leverage.

The 2026 Restructuring Program will eliminate approximately 600 positions, representing about 20% of the company's first quarter headcount. The company stated that roughly one-fourth of the affected roles will be reallocated to different locations or offset by new hiring.

The restructuring is expected to be substantially complete by the end of 2026, with most charges anticipated in the second and third quarters of the year. ZoomInfo estimates the program will generate aggregate pre-tax charges between $45 million and $60 million, primarily consisting of one-time termination benefits including severance payments.

The company projects the restructuring will reduce annual run-rate operating expenses by approximately $60 million once fully implemented. Most of the charges are expected to result in cash expenditures for employee termination benefits.

ZoomInfo noted that the estimated charges and timing are subject to various assumptions, including local law requirements across different jurisdictions, and actual amounts may differ from current projections.