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NCino to Reduce Workforce, Office Space

May 28, 2025 3:34 AM

06:23 AM EDT, 05/28/2025 (MT Newswires) -- NCino ( NCNO ) said Tuesday it will cut its workforce by about 7% and reduce office space in certain markets in a bid to improve "operational efficiencies."

The company expects to incur charges of $7.5 million to $9 million in its 2026 fiscal Q2, mainly for asset disposals in connection with the plan, it said in a regulatory filing.

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