Fiverr International Ltd. announced a significant restructuring, including the layoff of 30% of its workforce, as the company doubles down on artificial intelligence to automate systems and streamline operations. This move is part of a transition to an 'AI-native infrastructure and mindset.'
The restructuring is expected to result in approximately $30 million in annualized gross savings. A portion of these savings will be reinvested in hiring AI talent, while the remainder will contribute to Adjusted EBITDA, indicating a strategic reallocation of resources.
Despite the substantial workforce reduction, Fiverr reiterated its guidance for the third quarter and full year 2025, stating that the restructuring is not expected to have a material immediate impact on its business or revenue. This strategic shift aims to position the company for larger long-term growth opportunities by building AI products at a faster pace.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.