LegalZoom to reduce global workforce by 15%

LegalZoom announced restructuring efforts resulting in a 15% reduction of its global workforce. LegalZoom expects to incur approximately $5M in severance expenses in FY24 related to the restructuring. LegalZoom has also reduced and realigned its hiring efforts in line with its three execution priorities. LegalZoom expects the combination of these efforts to drive approximately $12M in savings in the FY24, and annualized savings of approximately $25M.