10:58 AM EDT, 07/16/2025 (MT Newswires) -- TechTarget ( TTGT ) said Wednesday it will implement a reorganization plan that is expected to lead to a reduction of up to 10% of the company's global workforce.

As a result, TechTarget ( TTGT ) estimated charges of about $19.5 million to $45 million and said the majority of the related cash and stock-based compensation charges will be recognized in Q3.

The reorganization plan is designed to reshape and optimize operations following the company's 2024 business combination, with the goal of improving efficiency and supporting future growth.

TechTarget ( TTGT ) said the plan will result in annualized run-rate operating expense savings of about $20 million, with fiscal 2025 savings already included in its annual financial guidance.

The company expects the plan to be substantially completed by the end of Q4.

The company's shares were down 3.7% in recent trading.

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