ZoomInfo to cut 20% of staff, target $60M savings

ZoomInfo Technologies Inc. approved a major 2026 restructuring program aimed at reducing costs and improving operating leverage.

Rhea-AI Filing Summary

ZoomInfo Technologies Inc. approved a major 2026 restructuring program aimed at reducing costs and improving operating leverage. The plan includes a global workforce reduction of about 600 employees, representing roughly 20% of ending first-quarter headcount, with about one-fourth of impacted roles reallocated to other locations.

The company expects pre-tax restructuring charges between $45 million and $60 million, mostly cash, primarily for severance and related benefits. Once fully implemented, management expects the program to lower annual run-rate operating expenses by about $60 million. The restructuring is expected to be substantially complete by the end of 2026.

An accompanying employee email from CEO Henry Schuck explains that ZoomInfo plans to close its Israel site by year-end, transition some positions to the U.S., Canada, Ireland, and India, and eliminate others. Approximately 340 employees in the U.S., India, and the U.K. were notified that their roles were eliminated, with cash severance, some equity acceleration, and medical premium subsidies for eligible U.S. employees.

Positive

• Structural cost savings: Once completed, the 2026 restructuring program is expected to reduce annual run-rate operating expenses by approximately $60 million, which could improve future profitability if revenue performance is maintained.
• Strategic refocus: Management links the changes to a clearer focus on upmarket enterprise customers, consumption-based pricing, and expanded customer-facing engineering capacity, aligning spending with longer-term growth priorities.

Negative

• Large workforce reduction: The restructuring involves eliminating about 600 employees, roughly 20% of ending first-quarter headcount, including approximately 340 people in the U.S., India, and the U.K., and closing the Israel site.
• Material cash charges: ZoomInfo expects aggregate pre-tax restructuring charges of $45–$60 million, mostly cash expenditures for severance and benefits, creating a near-term earnings and cash flow headwind.
• Execution and uncertainty risk: Management notes that cost and timing estimates depend on assumptions and local laws, and actual results of the 2026 restructuring program may differ materially from current expectations.

Insights

Equity research analyst

ZoomInfo trades near-term restructuring costs for longer-term cost savings.

ZoomInfo is executing a sizable restructuring, cutting around 20% of its workforce and closing its Israel site. Management estimates pre-tax charges of $45–$60 million, largely cash severance and related benefits, concentrated in Q2–Q3 2026.

The company targets about $60 million in annual run-rate operating expense savings after the 2026 program is fully implemented. The CEO’s email ties this to a strategic shift upmarket, more consumption-based pricing, and increased customer-facing engineering for large enterprises.

For investors, the trade-off is upfront restructuring expense and execution risk versus structurally lower costs and a sharper strategic focus. Actual impact will depend on how effectively ZoomInfo reallocates roles, maintains product execution, and supports remaining staff through the transition detailed for completion by the end of 2026.

8-K Event Classification

3 items: 2.05, 7.01, 9.01

3 items

Item 2.05 Costs Associated with Exit or Disposal Activities Financial

The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Restructuring charges: $45–$60 million pre-tax Annual cost savings: $60 million Global workforce reduction: Approximately 600 employees +3 more

6 metrics

Restructuring charges $45–$60 million pre-tax Estimated aggregate charges for 2026 restructuring program

Annual cost savings $60 million Expected reduction in annual run-rate operating expenses once program is fully implemented

Global workforce reduction Approximately 600 employees About 20% of ending first-quarter headcount affected

Immediate notifications Approximately 340 employees Roles eliminated in the U.S., India, and the U.K. as described in CEO email

Headcount impact percentage Approximately 20% Share of ending first-quarter headcount included in restructuring reduction

Program completion target End of 2026 2026 restructuring program expected to be substantially complete by this time

Key Terms

restructuring program, run-rate operating expenses, global reduction in force, consumption-based pricing, +1 more

5 terms

restructuring program financial

"the Company’s Board of Directors approved a restructuring program (the “2026 Restructuring Program”)"

A restructuring program is a deliberate plan by a company to change how it operates, such as cutting costs, selling assets, closing divisions, or reorganizing staff and management, much like rearranging a house to remove clutter and improve flow. Investors care because these moves can temporarily raise costs or one-time charges but aim to improve long-term profitability, cash flow and competitiveness, so they affect future earnings, risk and share value.

run-rate operating expenses financial

"Once fully implemented, the Company expects the 2026 Restructuring Program to reduce annual run-rate operating expenses by approximately $60 million."

Run-rate operating expenses are an annualized estimate of a company's ongoing day-to-day costs derived from its current spending level, treating a recent month or quarter as if it will continue for a full year. Investors use this to gauge the company’s likely cost base and cash burn going forward—like turning a single month’s utility bill into an expected yearly bill—to judge sustainability, profitability and how much funding may be required.

global reduction in force financial

"anticipated to entail a global reduction in force of approximately 600 employees"

consumption-based pricing financial

"the industry is moving toward consumption-based pricing, and our largest enterprise customers are asking more of us"

A pricing model in which customers pay based on how much of a product or service they actually use, such as bytes stored, minutes consumed, or transactions processed. Like a utility bill, it ties revenue directly to customer activity, which affects a company’s revenue predictability, growth scalability, and customer retention metrics that investors watch to assess future cash flow and unit economics.

forward-looking statements regulatory

"This includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is ZoomInfo (GTM) announcing in this 8-K filing?

ZoomInfo is announcing a 2026 restructuring program that cuts about 600 employees, or roughly 20% of ending first-quarter headcount. The plan aims to reduce operating costs, shift resources toward upmarket, enterprise-focused initiatives, and is expected to be largely complete by the end of 2026.

How much will the ZoomInfo 2026 restructuring program cost?

ZoomInfo expects aggregate pre-tax restructuring charges between $45 million and $60 million. Most of this will be cash expenditures tied to one-time termination benefits, including severance and related employee benefits, primarily incurred during the second and third quarters of 2026.

What cost savings does ZoomInfo (GTM) expect from the restructuring?

Once the 2026 restructuring program is fully implemented, ZoomInfo expects to reduce annual run-rate operating expenses by approximately $60 million. Management plans to redirect savings toward the platform, product roadmap, and customer-facing engineering to support its move upmarket and evolving customer demands.

How many ZoomInfo employees are affected and where?

The restructuring is expected to affect about 600 employees globally, around 20% of ending first-quarter headcount. ZoomInfo is closing its Israel site, shifting some roles to the U.S., Canada, Ireland, and India, and has notified roughly 340 employees in the U.S., India, and the U.K. of eliminations.

What support is ZoomInfo providing to impacted employees?

ZoomInfo states that every impacted employee will receive cash severance, and those with unvested equity will receive some equity acceleration. In the U.S., employees enrolled in company medical plans will receive subsidies for their premiums to help bridge the transition after their roles are eliminated.

Why is ZoomInfo closing its Israel site as part of this plan?

The CEO’s email explains ZoomInfo intends to close its Israel site and transfer operations out of the country by year-end to simplify operations and align resources with its strategic focus. Some positions will transition to other countries, while others will be eliminated entirely as part of the restructuring.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 04:09 PM Learn about SEC filing dates

0001794515false00017945152026-05-052026-05-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

 CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 5, 2026

ZoomInfo Technologies Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-39310			87-3037521
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

330 W Columbia Way, Floor 8, Vancouver, Washington 98660

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (800) 914-1220

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8−K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a−12 under the Exchange Act (17 CFR 240.14a−12)

☐ Pre−commencement communications pursuant to Rule 14d−2(b) under the Exchange Act (17 CFR 240.14d−2(b))

☐ Pre−commencement communications pursuant to Rule 13e−4(c) under the Exchange Act (17 CFR 240.13e− 4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol			Name of each exchange on which registered
Common Stock, par value $0.01 per share			GTM			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐    

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.05    Costs Associated with Exit or Disposal Activities.

On May 5, 2026, the Company’s Board of Directors (the "Board") approved a restructuring program (the “2026 Restructuring Program”) in order to reduce operating costs and drive stronger operating leverage. The 2026 Restructuring Program is anticipated to entail a global reduction in force of approximately 600 employees, impacting approximately 20% of the Company’s ending first quarter headcount. Of the impacted roles, approximately one-fourth will be reallocated to or offset by hiring in different locations. The 2026 Restructuring Program is expected to be substantially complete by the end of 2026, and most charges are expected to be incurred in the second and third quarters of 2026.

The 2026 Restructuring Program is expected to result in estimated aggregate pre-tax charges in the range of $45 million to $60 million, the majority of which are expected to result in cash expenditures. These expenditures primarily consist of one-time termination benefits to affected employees, including but not limited to severance payments and benefits.

Once fully implemented, the Company expects the 2026 Restructuring Program to reduce annual run-rate operating expenses by approximately $60 million.

The estimates of the charges and expenditures that the Company expects to incur in connection with the 2026 Restructuring Program, and the timing thereof, are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual amounts may differ materially from estimates.

Item 7.01    Regulation FD Disclosure.

On May 11, 2026, the Company’s Chief Executive Officer, Henry Schuck, sent an email to employees about the 2026 Restructuring Program, a copy of which is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K (the “Current Report”) and incorporated herein by reference.

Forward-Looking Statements

This Current Report includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current facts made herein are forward-looking. In some cases, you can identify these forward-looking statements by the use of words such as “anticipate”, “believe”, “can”, “continue”, “could”, “estimate”, “expect”, “forecast”, “goal”, “intend”, “may”, “might”, “objective”, “outlook”, “plan”, “potential”, “predict”, “projection”, “seek”, “should”, “target”, “trend”, “will”, “would” or the negative version of these words or other comparable words. Any statements in this Current Report regarding the 2026 Restructuring Program, including, but not limited to, the anticipated costs, restructuring charges, financial benefits, and execution timeline in connection therewith, are forward looking statements.

We have based our forward-looking statements on beliefs and assumptions based on information available to us at the time the statements are made. We caution you that assumptions, beliefs, expectations, intentions and projections about future events may, and often do, vary materially from actual results. Therefore, we cannot assure you that actual results will not differ materially from those expressed or implied by our forward-looking statements. Certain risks and uncertainties that could cause our actual results and operations to differ significantly from management’s expectations are described in Part I, Item 1A - Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A - Risk Factors in any of our Quarterly Reports on Form 10-Q filed hereinafter. Each forward-looking statement herein speaks only as of the date of this Current Report, and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

Item 9.01    Financial Statements and Exhibits.

(d)     Exhibits.

Exhibit No.			Description
99.1			Email to employees
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ZoomInfo Technologies Inc.

Date: May 11, 2026

By:     /s/ M. Graham O'Brien    

Name:  M. Graham O'Brien

Title:    Chief Financial Officer

Exhibit 99.1

From: Henry Schuck

Audience: All Employees

Date: May 11, 2026

Time: 7:00 a.m. ET

Subject line: An important update on changes to ZoomInfo

Team,

I'm writing to share some difficult news. Yesterday, we informed our employees in Israel that we intend to close the site and transfer our operations out of the country by year-end. We intend to transition some positions into the U.S., Canada, Ireland, and India. Other positions will be eliminated completely. Additionally, early this morning, we notified approximately 340 people in the U.S., India, and the U.K., primarily within our go-to-market and G&A organizations, that their roles were being eliminated.

These are the hardest decisions I have to make as a CEO. Behind every role is a teammate, a friend, someone who helped build ZoomInfo into what it is today. These are talented people we respect and care about. I want to be clear that this is not a reflection of the contributions or capabilities of anyone impacted. It reflects where the business needs to go and the focus required to get there.

We are simplifying our operations, accelerating our move upmarket, and reducing the resources we allocate downmarket. The way our customers buy is shifting, the industry is moving toward consumption-based pricing, and our largest enterprise customers are asking more of us, including a deeper, forward-deployed engineering motion alongside the product. To achieve that, we need to focus our investment on what has the greatest long-term impact: the platform, the product roadmap, and the customer-facing engineering capacity that will define the next chapter of ZoomInfo. The savings from today's decisions go directly toward funding that future and positioning the business for continued, long-term success.

Every impacted employee is receiving cash severance. Those with unvested equity are receiving some equity acceleration. In the US, employees enrolled in our medical plans will receive subsidies toward their medical premiums to help bridge the transition. Some of our employees in Israel may be transitioning with us for several months, and I am deeply grateful to them because staying engaged through a wind-down takes a kind of professionalism and grace that I do not take for granted.

I know days like this are heavy. It is normal to feel a mix of grief, uncertainty, and even some guilt — I feel those things myself. What I'd ask is that we lean on one another, take care of one another, and stay focused on the opportunity in front of us. The reason we're making these changes is that I genuinely believe in where this company is going, and I am more confident than ever in the team we have to take it there.

We will share more in the days ahead, including an all-hands / Q&A with leadership / team-level conversations. Until then, please be kind to one another.

- Henry

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 5.5 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.1 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 14.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 26.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 15.6 KB