Angi Inc. 8-K

What Happened
Angi Inc. announced on January 7, 2026 that it will reduce its global workforce by approximately 350 employees to lower operating expenses and align the organization with AI-driven efficiency improvements. The company estimates total restructuring charges of about $22 million to $30 million, to be recorded in the fourth quarter of 2025 and the first quarter of 2026, and expects the reduction to be substantially complete during Q1 2026. Angi said these charges will primarily be severance, employee benefits and related costs and are anticipated to be cash expenditures.

Key Details

• Workforce reduction: ~350 employees globally; substantially complete in Q1 2026.
• Estimated restructuring charges: $22 million to $30 million, recognized across Q4 2025 and Q1 2026.
• Expected savings: $70 million to $80 million of annual run-rate reduction in operating expenses and capital expenditures.
• Accounting/presentation: Company intends to exclude these restructuring charges from its non-GAAP measures, including Adjusted EBITDA; filing includes forward-looking disclaimers.

Why It Matters
For investors, the one-time charges will likely reduce reported quarterly results in Q4 2025 and Q1 2026 but are presented as investments to lower recurring costs and improve margins over time (estimated $70–80M annual savings). Excluding the charges from non-GAAP metrics means adjusted results may look stronger than GAAP figures; review both GAAP and non-GAAP disclosures when assessing near-term earnings impact. The company notes actual charges and timing could change due to legal and jurisdictional factors.