Smith Micro shares rise more than 50% as it announces workforce reduction

* Smith Micro Software (NASDAQ:SMSI [https://seekingalpha.com/symbol/SMSI]) said on Wednesday that it has implemented strategic organizational changes [https://seekingalpha.com/pr/20267693-smith-micro-announces-strategic-cost-reductions-and-leadership-changes]to enhance operational efficiencies and reduce costs.
* These reorganization efforts include a strategic reduction of the company’s workforce.
* Approximately 30% of the workforce will be impacted across the company.
* The reorganization will result in cost savings of $1.8M per quarter as compared to the second quarter of 2025, or $7.2M reduction in costs for 2026, excluding payment of employee separation costs.
* As part of its reorganization, the company is announcing several leadership changes.
* David Blakeney, senior vice president of engineering, retired after 14 years of service on September 23, 2025.
* David Sperling, chief technology officer and vice president of engineering, has been promoted to chief technology officer and senior vice president of engineering, and will now additionally be responsible for all development activities.
* Anup Kaneri, vice president of worldwide products, was promoted to chief product officer and is responsible for all product strategies.
* Smith Micro Software (NASDAQ:SMSI [https://seekingalpha.com/symbol/SMSI]) shares rose about 60% in extended trading.

MORE ON SMITH MICRO SOFTWARE

* Smith Micro Software, Inc. (SMSI) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4810102-smith-micro-software-inc-smsi-q2-2025-earnings-call-transcript]
* Smith Micro outlines $4.5M–$4.8M Q3 revenue target with SafePath 8 and senior phone launches [https://seekingalpha.com/news/4481032-smith-micro-outlines-4_5m-4_8m-q3-revenue-target-with-safepath-8-and-senior-phone-launches]
* Smith Micro Software Q2 2025 Earnings Preview [https://seekingalpha.com/news/4478758-smith-micro-software-q2-2025-earnings-preview]
* Seeking Alpha’s Quant Rating on Smith Micro Software [https://seekingalpha.com/symbol/SMSI/ratings/quant-ratings]
* Historical earnings data for Smith Micro Software [https://seekingalpha.com/symbol/SMSI/earnings]