01:24 PM EDT, 09/15/2025 (MT Newswires) -- Fiverr International ( FVRR ) said Monday it will reduce its workforce by about 250 positions as part of a company-wide restructuring plan to become a leaner, AI-focused organization.

"We expect to reinvest part of the savings in the business, with the rest flowing to the Adjusted EBITDA line," the company said.

Fiverr ( FVRR ) said it now expects to hit its long-term adjusted EBITDA margin of 25% in 2026, a year ahead of target.

"We are not updating our long-term Adjusted EBITDA margin target at this time, but we believe there could be additional upside to it as we continue to drive efficiency through scale and AI adoption," the company said.

Fiverr ( FVRR ) said in July when reporting Q2 results that it expected revenue of $105 million to $110 million for Q3 and $425 million to $438 million for the full year.

Fiverr ( FVRR ) also expected adjusted EBITDA of $21.5 million to $23.5 million for Q3 and $84 million to $90 million for the year.

Shares of the company were down over 4% in recent trading.

Price: 22.87, Change: -0.98, Percent Change: -4.11