05:04 PM EDT, 04/03/2025 (MT Newswires) -- Five9 ( FIVN ) said late Thursday its board has approved a plan to cut its global workforce by about 4%.

The company said it expects cash expenditures of $7 million to $9 million, comprising of severance payments and other costs. It expects the expenses to incur in Q2 and Q3.

Five9 ( FIVN ) also said it expects its March quarter results to be "in-line with or better" than its guidance for revenue, GAAP net loss per share, and non-GAAP net income per share provided in February.