ZoomInfo Layoffs

ZoomInfo, which trades as GTM, announced on May 10, 2026 that it would eliminate about 600 jobs, roughly 20% of its workforce, redirecting resources toward AI capabilities. The company faces competition from AI-powered platforms that automate data gathering and sales prospecting at lower cost. Nearly half of the cuts were concentrated in its Israel research office, which is being closed, with additional reductions in R&D and downmarket sales and marketing. CEO Henry Schuck cited growing 'AI and agentic confusion' among clients over build-versus-buy decisions. Management expects nearly $60 million in annual cost savings by early 2027 and restructuring charges of $45-60 million. The announcement accompanied disappointing Q1 2026 results, including flat revenue and a $60 million cut to its full-year forecast. Shares fell about 33% in premarket trading to their lowest level since the 2020 IPO.

Reason: Shift toward AI capabilities under competitive pressure

Source: finance.yahoo.com

ZoomInfo cut 150 jobs in June 2025, about 4% of its roughly 3,500-person workforce, as the Vancouver, Washington B2B software provider sought to concentrate on core operations and profitable growth. CEO Henry Schuck called the reductions a "very difficult, but necessary, decision" in a note to employees on June 9, framing the move as part of a push to take the company upmarket. The company projected approximately $28 million in annual operating expense savings as a result. ZoomInfo, which sells sales intelligence and marketing data tools, has been navigating a difficult environment for software spending. The 150 cuts included around 20 positions at its downtown Vancouver headquarters.

Reason: Operational focus and cost reduction to drive profitable growth

Source: oregonlive.com

ZoomInfo disclosed a workforce reduction affecting its Vancouver operations in June 2, 2023. Approximately 120 roles were eliminated.

Source: bizjournals.com