Spok Holdings, Inc. (NASDAQ: SPOK), a global leader in healthcare communications, today announced a strategic realignment designed to reduce costs and sharpen operational focus across its go-to-market functions. These actions will enable the Company to direct resources toward continued investment in its Care Connect Suite and artificial intelligence initiatives, while sustaining its commitment to returning cash to stockholders.

As part of the plan to realign and streamline its leadership structure, the Company will eliminate approximately 10% of its workforce, which it expects will reduce headcount-related expenses (excluding stock-based compensation) and other operating expenses by over $6.0 million on an annualized basis. The Company estimates that it will incur restructuring charges (excluding stock-based compensation) of approximately $1.6 to $2.0 million, primarily in the second and third quarters of 2026, in connection with the implementation of the plan—principally in the form of cash expenditures for one-time employee benefits and severance payments—and expects the restructuring charges to be substantially complete by the third quarter. These estimates are subject to a number of assumptions, and actual results may differ materially. The Company may incur additional charges or cash expenditures not currently contemplated due to unanticipated events arising from the implementation of the plan. The Company intends to exclude restructuring charges from its non-GAAP financial measures, including Adjusted EBITDA and adjusted operating expenses.