Angi cuts approximately 350 employees in global workforce reduction

Angi Inc. announced a global workforce reduction affecting approximately 350 employees. The company said the restructuring is intended to reduce operating expenses, optimize its organizational structure, support long-term growth, and reflect AI-driven efficiency improvements. Angi expects to incur $22 million to $30 million in restructuring charges, primarily related to severance, employee benefits, and related costs, with the plan expected to be substantially complete during the first quarter of 2026. The company expects annual run-rate savings of approximately $70 million to $80 million across operating expenses and capital expenditures.