---
title: "Yext Will Reduce Size Of Workforce By About 12% Of Full-Time Employees Compared To Headcount As Of Jan 31"
description: "Yext Inc plans to reduce its workforce by about 12% in response to evolving business needs, aiming to lower operating expenses and achieve future growth. The company expects to incur a restructuring c"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/205560632.md"
published_at: "2024-06-04T20:43:52.000Z"
---

# Yext Will Reduce Size Of Workforce By About 12% Of Full-Time Employees Compared To Headcount As Of Jan 31

> Yext Inc plans to reduce its workforce by about 12% in response to evolving business needs, aiming to lower operating expenses and achieve future growth. The company expects to incur a restructuring cash charge of approximately $5 million and complete the implementation of the workforce reduction by the end of Q2 2025.

June 4 (Reuters) - Yext Inc (YEXT.N) :

-   YEXT INC - PLAN WILL REDUCE SIZE OF COMPANY’S WORKFORCE BY ABOUT 12 PERCENT OF ITS FULL-TIME EMPLOYEES AS COMPARED TO ITS HEADCOUNT AS OF JAN 31, 2024
    
-   YEXT-COMMITTED TO RESTRUCTURING PLAN IN RESPONSE TO EVOLVING BUSINESS NEEDS TO REDUCE OPERATING EXPENSES AND POSITION CO FOR PROFITABLE FUTURE GROWTH
    
-   YEXT INC - ESTIMATES THAT IT WILL INCUR AN INCREMENTAL RESTRUCTURING CASH CHARGE OF APPROXIMATELY $5 MILLION IN CONNECTION WITH PLAN
    
-   YEXT INC - EXPECTS TO INCUR MAJORITY OF THESE EXPENSES IN Q2 OF FISCAL YEAR 2025
    
-   YEXT INC - IMPLEMENTATION OF WORKFORCE REDUCTION WILL BE SUBSTANTIALLY COMPLETE BY END OF Q2 OF FISCAL YEAR 2025

### Related Stocks

- [YEXT.US - Yext](https://longbridge.com/en/quote/YEXT.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.