Nextdoor announces restructuring plan including reduction in workforce

Nextdoor (NXDR) announced a restructuring plan, including a reduction in workforce, resulting in reduced annualized operating expenses of approximately $30 million. “Delivering the new Nextdoor was just the first step in ensuring our business delivers more value to neighbors and customers,” said CEO Tolia. “This is a strategic action to better position Nextdoor for sustained, long-term success. We now expect to achieve quarterly adjusted EBITDA breakeven in Q4 2025 and full-year adjusted EBITDA breakeven in FY 2026.”