Vertex launches global plan with 9% workforce cut

Vertex, Inc. approved a global Value Creation Plan to become a more AI-enabled company, focus investment on key growth areas, and improve operational efficiency.

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Form Type

8-K

Rhea-AI Filing Summary

Vertex, Inc. approved a global Value Creation Plan to become a more AI-enabled company, focus investment on key growth areas, and improve operational efficiency. The plan includes a reduction in force of about 170 employees, or approximately 9% of its global workforce as of April 27, 2026.

Vertex expects pre-tax charges of $6 million to $8 million, mainly for severance, notice pay, statutory termination indemnities, and other separation benefits. Most of these charges are expected to be recognized in the first quarter of fiscal 2026, with the rest in later quarters as the plan is implemented.

Insights

Vertex plans a 9% workforce cut with $6–8M in restructuring costs to support an AI-focused, efficiency-driven strategy.

Vertex, Inc. has launched a global Value Creation Plan to align its workforce and spending with long-term strategic priorities, including becoming more AI-enabled and emphasizing key growth opportunities. The plan involves reducing headcount by about 170 employees, or roughly 9% of its global workforce.

The company estimates pre-tax charges of $6 million to $8 million, largely related to severance and other separation benefits. Most costs are expected to be recognized in the first quarter of fiscal 2026, with remaining amounts in subsequent quarters as implementation continues.

Actual costs and timing may differ from estimates due to assumptions and local legal requirements in various jurisdictions. Future company filings may provide additional detail on realized charges and any further actions under the Value Creation Plan.

8-K Event Classification

Item 2.05 — Costs Associated with Exit or Disposal Activities

1 item

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.

Key Figures

Employees affected: approximately 170 employees Workforce reduction percentage: approximately 9% of global workforce Estimated restructuring charges (low end): $6 million pre-tax +3 more

6 metrics

Employees affected approximately 170 employees Reduction in force under Value Creation Plan

Workforce reduction percentage approximately 9% of global workforce As of April 27, 2026

Estimated restructuring charges (low end) $6 million pre-tax Estimated aggregate charges from the Plan

Estimated restructuring charges (high end) $8 million pre-tax Estimated aggregate charges from the Plan

Timing of majority of charges first quarter of fiscal 2026 Recognition period for most Plan-related charges

Filing item Item 2.05 Costs Associated with Exit or Disposal Activities

Key Terms

Item 2.05, Value Creation Plan, reduction in force, forward-looking statements, +2 more

6 terms

Item 2.05 regulatory

"Item 2.05 Costs Associated with Exit or Disposal Activities."

Value Creation Plan financial

"approved a global Value Creation Plan (the “Plan”) intended to become a more AI-enabled company"

reduction in force financial

"The Plan includes a reduction in force of approximately 170 employees"

A reduction in force is an organized cutback in a company's workforce—commonly known as layoffs—intended to lower costs or reshape operations. Like trimming a household budget or pruning a garden, it can improve long-term financial health but often brings one-time costs, reduced capacity, and morale or execution risks that can affect revenue, expenses, and the company’s stock performance. Investors watch these moves for signals about future profitability and operational stability.

forward-looking statements regulatory

"contains 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.

Private Securities Litigation Reform Act of 1995 regulatory

"forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

statutory termination indemnities financial

"statutory termination indemnities, and other employee separation benefits"

FAQ

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

What is Vertex (VERX) announcing in this 8-K filing?

Vertex is announcing a global Value Creation Plan that includes a workforce reduction and restructuring charges. The plan aims to make the company more AI-enabled, focus on key growth opportunities, and improve operational efficiency across its global operations over time.

How many employees is Vertex (VERX) laying off and what percentage of staff is this?

Vertex plans a reduction in force of approximately 170 employees. This represents about 9% of the company’s global workforce as of April 27, 2026, indicating a meaningful restructuring effort designed to realign resources with long-term strategic priorities and efficiency goals.

What restructuring costs will Vertex (VERX) incur from the workforce reduction?

Vertex expects aggregate pre-tax charges of about $6 million to $8 million. These costs mainly cover employee severance, notice pay, statutory termination indemnities, and other separation benefits associated with implementing the Value Creation Plan and reducing its global workforce.

When will Vertex (VERX) recognize the restructuring charges in its financial results?

Vertex expects to recognize the majority of the $6 million to $8 million in pre-tax charges in the first quarter of fiscal 2026. The remaining portion will be recognized in subsequent quarters as the Value Creation Plan and related workforce actions are implemented globally.

What strategic goals does Vertex (VERX) aim to achieve with its Value Creation Plan?

The Value Creation Plan is intended to help Vertex become a more AI-enabled company, concentrate investments on key growth opportunities, and drive operational efficiency. It is designed to better align the company’s workforce and resources with its long-term strategic and financial priorities.

What risks or uncertainties does Vertex (VERX) highlight about its restructuring plan?

Vertex notes that actual charges and cash expenditures could differ materially from estimates due to assumptions, local law requirements, and consultation processes. The company also cites potential impacts on employees, customers, suppliers, and operations, as well as broader risks described in its Form 10-K.

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

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Accepted by SEC EDGAR 04/28/2026 - 04:30 PM

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): April 28, 2026

VERTEX, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-39413

23-2081753

(State or other jurisdiction

of incorporation or organization)

(Commission File Number)

(I.R.S. Employer
Identification No.)

2301 Renaissance Blvd.
King of Prussia, Pennsylvania 19406

(Address of principal executive offices) (Zip Code)

(800) 355-3500

(Registrant’s telephone number, include area code)

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(s)		Name of each exchange on which registered
Class A Common Stock, $0.001 par value per share		VERX		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 April 28, 2026, the Vertex, Inc. (the “Company”) announced its Board of Directors (the “Board”) approved a global Value Creation Plan (the “Plan”) intended to become a more AI-enabled company, focus investments on key growth opportunities and drive operational efficiency to better align the Company’s workforce and resources with its long-term strategic priorities. The Plan includes a reduction in force of approximately 170 employees, representing approximately 9% of the Company’s global workforce as of April 27, 2026.

In connection with the Plan, the Company estimates that it will incur aggregate pre-tax charges of approximately $6 million to $8 million, consisting primarily of cash expenditures related to employee severance, notice pay, statutory termination indemnities, and other employee separation benefits.

The Company expects to recognize the majority of these charges in the first quarter of fiscal year 2026, with the remainder recognized in subsequent quarters as the Plan is implemented.

The estimates of the charges and cash expenditures that the Company expects to incur in connection with the Plan, and the timing thereof, are subject to a number of assumptions, and actual amounts may differ materially from these estimates. The Company may also incur additional charges or cash expenditures not currently contemplated due to events that may occur as a result of, or in connection with, the implementation of the Plan, including local law requirements in the jurisdictions in which the Company operates.

Cautionary Statement Regarding Forward-Looking Statements.

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the Plan, the expected charges and cash expenditures associated with the Plan, the expected timing and completion of the Plan, the expected workforce impact, and the anticipated benefits and cost savings from the Plan. These forward-looking statements are based on the Company’s current expectations and assumptions and are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those anticipated, including, without limitation, the Company’s ability to implement the Plan in the manner and on the timeline currently contemplated; the actual amount of charges and cash expenditures incurred in connection with the Plan; local law requirements and consultation processes in the jurisdictions in which the Company operates; the impact of the Plan on the Company’s employees, customers, suppliers, and operations; and the other risks and uncertainties described in the Company’s most recent Annual Report on Form 10-K and subsequent reports filed with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

SIGNATURE

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.

	VERTEX, INC.

Date: April 28, 2026	By:	/s/ Bryan Rowland
	Name:	Bryan Rowland
	Title:	General Counsel and Secretary

Source: View Original Filing on SEC EDGAR

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Vertex launches global plan with 9% workforce cut

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