Phreesia cuts 220 positions in restructuring to reduce costs and align with priorities

Filed May 11, 2026 · Period ending May 7, 2026 · ~1 min read

Key Changes

• high

  Phreesia eliminated approximately 220 positions on May 7, 2026—roughly half employees and half contractors—to reduce operating expenses and better align costs with current business priorities.

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• high

  The company expects meaningful annualized expense savings from the restructuring, which were already baked into the Adjusted EBITDA outlook for fiscal 2027 provided on March 30, 2026.

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• medium

  Restructuring costs are expected to be immaterial and will be incurred primarily during fiscal year 2027, suggesting modest severance and related expenses.

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