ZoomInfo lays off hundreds, announces closure of Israeli operations
May 11-Vancouver-based software company ZoomInfo laid off roughly 20 percent of its global workforce Monday and is closing its Israeli operation.
"These are the hardest decisions I have to make as a CEO," Henry Schuck, chief executive officer at ZoomInfo, wrote in an email to employees Monday.
About 340 people in the U.S., India and United Kingdom were laid off Monday, in addition to 260 more in Israel, according to a financial disclosure filed Monday. The company didn't immediately respond to a request for how the restructuring will affect its Vancouver operation.
"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," Schuck added.
Schuck said the move reflects where the business, which saw $1.25 billion in revenue in 2025, needs to go and the focus needed to get there.
The eliminated non-Israeli positions were primarily concentrated among the company's go-to-market and administrative operations.
"We are simplifying our operations, accelerating our move upmarket and reducing the resources we allocate downmarket," Schuck wrote. "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."
Schuck said because of this, the company needs to invest more in its platform, product road map and the customer-facing engineering capacity.
The money saved from Monday's layoffs will go toward this future, Schuck wrote. The company expects to save $60 million in its current annual operating expenses, according to a financial disclosure.
Israeli operations are being moved out of the Middle Eastern country by the end of the year, transitioning some positions to the United States, Canada, Ireland and India. Other positions will simply be eliminated.
Schuck said every impacted employee is receiving cash severance and those in the U.S. who are enrolled in ZoomInfo's medical plans will receive subsidies toward their medical premiums.
"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," Schuck said.
ZoomInfo trades on Nasdaq as GTM. Its stock closed at $6.04 per share Monday, down 34 cents from Friday.
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