Veritone launches restructuring plan targeting up to 30% operating expense cut

• Veritone launched a restructuring plan on June 1, 2026, targeting up to a 30% cut in operating expenses.
• Workforce reduction began June 10 in phases; headcount expected to fall at least 25% versus March 31, 2026.
• Program expected to be substantially completed by late July, with annualized savings targeted once finished in Q3.
• Charges cannot yet be reasonably estimated; costs expected to center on severance, employee benefits, exit costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Veritone Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-042199), on June 10, 2026, and is solely responsible for the information contained therein.