Restructuring Charges, Net

12 Months Ended

Apr. 30, 2025

Restructuring and Related Activities [Abstract]

In fiscal 2024, in light of the challenging macroeconomic business environment arising from persistent inflationary pressures, rising interest rates and global economic and geopolitical uncertainty, on October 23, 2023, the Company initiated a plan (the “Plan”) intended to align its workforce with its current business realities through position eliminations. Due to the implementation of the Plan, the Company recorded restructuring charges of $68.6 million in fiscal 2024 across all segments related to severance for positions that were eliminated. During fiscal 2025, the Company made adjustments to previously recorded restructuring accruals resulting in restructuring charges of $1.9 million.

In fiscal 2023, in light of the Company’s evolution to an organization that is selling larger integrated solutions in a world where there are shifts in global trade lanes and persistent inflationary pressures, on January 11, 2023, the Company implemented a separate restructuring plan intended to realign its workforce with its business needs and objectives, namely, to invest in areas of potential growth and implement reductions where there is excess capacity. Due to the implementation of the plan, the Company recorded restructuring charges of $42.6 million during fiscal 2023 across all segments related to severance for positions that were eliminated.

Changes in the restructuring liability were as follows:


	Restructuring Liability
	(in thousands)
As of May 1, 2022	$	1,502

Restructuring charges, net	42,573
Reductions for cash payments	(24,485)

Non-cash payments	(10,827)
Exchange rate fluctuations	(759)
As of April 30, 2023	8,004
Restructuring charges, net	68,558
Reductions for cash payments	(57,636)
Non-cash payments	(15,421)
Exchange rate fluctuations	399
As of April 30, 2024	3,904
Restructuring charges, net	1,892
Reductions for cash payments	(5,786)
Non-cash payments	—
Exchange rate fluctuations	159
As of April 30, 2025	$	169

As of April 30, 2025 and 2024, the restructuring liability is included in the current portion of other accrued liabilities on the consolidated balance sheets.

Restructuring charges incurred by segment were as follows:


	Year Ended April 30
	2025		2024		2023

	(in thousands)
Consulting	$	1,696	$	18,871	$	11,613
Digital	—		9,469		2,856
Executive Search:
North America	—		8,825		4,515
EMEA	196		17,265		12,732
Asia Pacific	—		1,963		2,129
Latin America	—		110		697
Professional Search & Interim	—		3,778		4,835
RPO	—		7,885		3,097
Corporate	—		392		99
Consolidated	$	1,892	$	68,558	$	42,573