Descartes Systems to reduce global workforce by 7%

Considering the economic and global trade uncertainty many Descartes customers are facing, Descartes has undertaken cost reduction initiatives designed to reduce its cost base. The plan is designed to reduce Descartes’ global workforce by approximately 7% and eliminate various other operating expenses. As a result, Descartes expects to incur restructuring charges of approximately $4M in the second quarter of FY26, which will also impact cash generated from operations in Q2. Once completed, Descartes anticipates annualized cost savings of approximately $15M.