By Elias Schisgall

Shares of Viavi Solutions rose after the company said it was laying off about 5% of its global workforce as part of a restructuring plan.

Shares climbed 15% to $24.27 on Thursday. The stock has gained nearly one-and-a-half times its value in the past 12 months.

The communications and measurement technology company on Wednesday said that the restructuring plan would incur charges totalling $32 million, including $24 million in cash expenses primarily related to severance costs.

Viavi didn't specify exactly how many employees would be affected by the layoffs. The company had about 3,600 employees globally as of June, according to a filing with the Securities and Exchange Commission.

The majority of the charges would be realized by July, it said, and the restructuring would substantially be completed by the end of the calendar year.

The restructuring is expected to save about $30 million a year upon completion, Viavi said.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

January 29, 2026 12:42 ET (17:42 GMT)

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