By Kelly Cloonan
Accuray plans to cut about 15% of its global workforce as part of a push to control costs.
The cuts amount to about 149 employees, given the radiation therapy company employed 990 people as of June 30, according to its most recent annual filing.
Accuray said the workforce reduction is part of the first phase of its turnaround plan.
Under the first phase, the company plans to streamline its commercial structure, centralize core functions and promote its global heads of service and product development to report directly to its chief executive officer.
The company is also working to outsource certain tasks, rationalize facilities, improve spending efficiency and reallocate its engineering resources to focus on its most profitable programs.
"All of these initiatives will increase our competitiveness, ensure our teams are poised to deliver growth in each market, and, frankly, make us a better company," CEO Steve La Neve said.
Accuray expects to realize about $12 million in profit improvement in fiscal 2026 as a result, or $25 million on an annualized basis, primarily driven by savings from compensation and benefits.
It expects to incur restructuring charges in its fiscal second, third and fourth quarters totaling about $11 million, mostly in cash, primarily related to workforce reductions, facility consolidation, contract terminations and other non-recurring costs.
The company expects all initiatives under the first phase of the plan will be fully implemented by the end of fiscal 2026.
The company backed its forecasts for fiscal 2026.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
December 15, 2025 17:36 ET (22:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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