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DHI Group restructuring Dice and ClearanceJobs operations

DHI Group restructuring Dice and ClearanceJobs operations

Craig Johnson
| January 13, 2025
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DHI Group (NYSE: DHX) announced a restructuring with its Dice IT job board operations and ClearanceJobs business to operate separately within the organization. DHI will reduce its workforce by 8% as part of the restructuring and will incur charges of approximately $2.2 million related to employee severance and benefits.

“As our business developed over the past few years, I’ve come to see that Dice and ClearanceJobs are better positioned for success when each brand operates with a clear focus and a strategy tailored to their respective markets,” Art Zeile, CEO of DHI, said in a press release. “With the support of our board of directors, we have decided to separate the Dice and ClearanceJobs organizations.”

In addition to the workforce reduction, the move will establish a “line-of-business” structure that aligns sales, marketing and product development under dedicated brand leaders.

The effort is aimed at improving profitability and providing stronger long-term strategic options.

As part of the change, Paul Farnsworth, who currently serves as chief technology officer, will become president of Dice. Farnsworth will oversee sales, marketing and product development. In addition, Alex Schildt, currently VP of sales for ClearanceJobs, will become president of ClearanceJobs.

The reorganization is expected to be complete by February 2025 and is expected to generate annual cost savings of approximately $4.0 million to $6.0 million.

DHI ranks No. 24 among the largest global providers of online job advertising, according to SIA research.