ANGI Inc. Cuts 350 Jobs to Boost Efficiency and Slash Costs

Angi Inc Class A -0.07%
IAC Inc. +0.56%

Angi Inc Class A

ANGI

14.05

-0.07%

IAC Inc.

IAC

39.41

+0.56%

ANGI Inc. has announced a corporate reorganization that includes reducing its global workforce by approximately 350 employees. The move is aimed at lowering operating expenses and optimizing the company's organizational structure, particularly in response to efficiency improvements driven by artificial intelligence. ANGI expects to incur restructuring charges of $22 million to $30 million, mainly for severance and related costs, which will be recorded across the fourth quarter of 2025 and the first quarter of 2026. The workforce reduction is anticipated to be largely completed in the first quarter of 2026 and is projected to generate between $70 million and $80 million in annual run-rate savings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ANGI Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001705110-26-000005), on January 07, 2026, and is solely responsible for the information contained therein.

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