---
schema_version: "secwatch.filing_event.v1"
accession: "0001048695-23-000024"
form_type: "8-K/A"
ticker: "FFIV"
cik: "0001048695"
company_name: "F5, INC."
filed_at: "2023-06-09T23:59:59+00:00"
generated_at: "2026-06-14T03:28:32.933719+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# F5 updates restructuring cost estimate: $53M total including $8M facility charges

## Summary
- Total restructuring cost estimated at $53M, up from previously disclosed $45M severance.
- Approximately $8M in lease termination and other facility costs.
- Reduction in force of ~620 employees (9% of workforce) on track; annualized savings ~$130M.
- Actions intended to align strategic and financial objectives, optimize operations.
- Potential position reductions may extend beyond fiscal 2023 due to legal requirements.

## SEC filing metadata
- accession: 0001048695-23-000024
- form_type: 8-K/A
- ticker: FFIV
- cik: 0001048695
- company_name: F5, INC.
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1048695/000104869523000024/0001048695-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048695/000104869523000024/ffiv-20230419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001048695-23-000024
- JSON: https://secwatch.observer/filing/0001048695-23-000024.json
- Plain text: https://secwatch.observer/filing/0001048695-23-000024.txt

## Key facts
- Restructurings & Charges
  F5, INC. announced a restructuring with charges of Cost adjustments including reduction in force affecting approximately 620 employees and reduction of leased facilities, with estimated total restructuring costs affecting global workforce and leased facilities (approximately 620 employees, or approximately 9% of the Company's global workforce).
  - Type: restructuring
  - Charge: Cost adjustments including reduction in force affecting approximately 620 employees and reduction of leased facilities, with estimated total restructuring costs
  - Affected area: global workforce and leased facilities
  - Headcount: approximately 620 employees, or approximately 9% of the Company's global workforce
  source text: As previously announced on April 19, 2023 and disclosed in the Original Report, the management of the Company initiated cost adjustments to better align strategic and financial objectives, optimize operations, and drive efficiencies for long-term growth and profitability, including a reduction in force affecting approximately 620 employees, or approximately 9% of the Company’s global workforce as of April 19, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1048695/000104869523000024/0001048695-23-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.