Brief: ZoomInfo Technologies Notifies Employees Of Plan To Flatten Organizational Structure

ZoomInfo Technologies

02/06/2023 21:26

June 2 (Reuters) - ZoomInfo Technologies Inc  ZI.O :
    * ZOOMINFO TECHNOLOGIES - NOTIFIED EMPLOYEES OF PLAN TO
FLATTEN
ORGANIZATIONAL STRUCTURE, SPEED DECISION MAKING, ENABLE
INVESTMENT IN KEY OPPORTUNITIES
    * ZOOMINFO TECHNOLOGIES INC - PLAN INCLUDES A REDUCTION OF
CURRENT
EMPLOYEE POSITIONS BY ABOUT 3%
    * ZOOMINFO TECHNOLOGIES - ESTIMATES IT WILL INCUR
RESTRUCTURING
CHARGES OF ABOUT $6 MILLION IN CONNECTION WITH PLAN, WHICH WILL
BE RECOGNIZED IN Q2

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