Sprout Social’s board approved a restructuring plan on July 8, 2026 that will cut about 260 jobs, roughly 20% of its workforce, with employee notifications beginning July 15. The Chicago-based social media management company said the cuts are meant to streamline its organization and redirect spending toward AI-powered social intelligence products. Sprout Social expects $18 million to $20 million in pre-tax restructuring charges, mostly severance costs, and aims to complete the reduction by the end of the third quarter of 2026.
