Sprinklr announces 15% global workforce reduction

Sprinklr (CXM) disclosed that it committed to a reduction in force involving 15% of its global workforce as of January 31. The plan is intended to help position the company “for long-term success by realigning employee costs with the current business and freeing up capital for incremental investments.” The company expects that incremental investments will include hiring in key strategic areas. It estimates that it will incur non-recurring charges of $25M in connection with the workforce reduction. Sprinklr expects that the majority of the restructuring charges will be incurred in the first and second quarters of fiscal 2026 and that the implementation of the workforce reduction, including cash payments, will be substantially complete by the end of the third quarter.