ZoomInfo Slims Down: Shutting Israel Operations And Racing Toward A Leaner 2026

The Big Pivot In Tel Aviv

ZoomInfo's Israel exit is a sharp reversal from its ambitious 2021 expansion. Just five years ago, the American B2B data and software firm acquired Israeli startup Chorus.ai in a deal valued at $575 million, establishing a strong development footprint in Ra'anana, near Tel Aviv. Employees were informed of the closure unexpectedly during a surprise meeting led by Chad Herring, ZoomInfo's Chief Human Resources Officer, who flew to Israel specifically to deliver the news.

Operational Wind-Down Timeline

The closure will be phased through end of 2026, with the first wave of departures occurring as early as May 2026. Affected employees, primarily engineers, product managers, and data professionals, are expected to receive individual notifications and severance details within days of the announcement.

Broader Restructuring Context

ZoomInfo's 2026 restructuring program reflects mounting pressure from slowing growth, fierce competition, and rapid AI-driven transformation in the SaaS sector. The company's stock has fallen approximately 38% over the past year, and its current market valuation stands at roughly $1.9 billion, a 33% decline in 2026 alone.

Key Highlights

• ZoomInfo (GTM.O) files 2026 restructuring program with the SEC, targeting substantial completion by December 2026
• Israel R&D center in Ra'anana to be fully closed and all operations transferred out of the country by year-end
• Approximately 300 employees, engineers, product managers, and data professionals, set to be laid off in phased waves
• Closure reverses ZoomInfo's landmark $575 million acquisition of Chorus.ai in 2021
• Company valuation has declined roughly 33% in 2026, currently sitting near $1.9 billion
• ZoomInfo's stock has dropped approximately 38% over the last twelve months amid AI disruption and SaaS headwinds

Sources: Reuters (SEC Filing GTM.O), Calcalist Tech, LinkedIn Entrepreneur News Network, Asia Business Outlook