Fiverr says to cut about 250 jobs as part of organizational restructuring plan

Fiverr (FVRR) announced a restructuring plan. “The resizing and refocusing effort will allow Fiverr to go after growth opportunities as a leaner organization with an AI-native infrastructure and mindset,” the company said in a letter to the team. “We do not expect the changes we are implementing today to materially impact business activities across our marketplace in the immediate future. As such, we are reiterating our guidance for Q3 and FY25. We expect to reinvest part of the savings in the business, with the rest flowing to the Adjusted EBITDA line. As a result, we expect to achieve our long-term Adjusted EBITDA margin of 25% in 2026, a year ahead of our 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.”