By Stephen Nakrosis
DHI Group said it would restructure its operations into two distinct divisions -- Dice and ClearanceJobs -- to better capitalize on their respective market dynamics.
As part of the strategic reorganization, DHI said, it aims to reduce its workforce by 8%, mostly by adjusting team structure and mid-level management. DHI added it expects to incur about $2.2 million in cash charges related to employee severance and benefits, with all charges expected to be recognized in the first quarter of this year.
The new structure will align sales, marketing, and product development functions under dedicated brand leaders, and will reduce overlap while still maintaining central support for human resources, finance and other operations, the company said.
Dice operates a career marketplace for technologists, while ClearanceJobs runs a database of professionals with active security clearances in the U.S.
Paul Farnsworth, who currently serves as chief technology officer, will assume an expanded role as president of Dice, while Alex Schildt, vice resident of sales for ClearanceJobs, will take on an expanded role as president of ClearanceJobs, the company said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 13, 2025 16:48 ET (21:48 GMT)
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