---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-005817"
form_type: "8-K"
ticker: "YEXT"
cik: "0001614178"
company_name: "Yext, Inc."
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:48:25.218114+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Yext cuts 8% of workforce, expects ~1,100 employees; reiterates FY2023 guidance

## Summary
- Workforce reduction of 8% of full-time employees, targeting ~1,100 staff vs. over 1,400 at start of FY2023.
- Restructuring charge of ~$2M for severance and benefits, primarily in Q4 FY2023.
- Reiterates previously issued Q4 and full-year FY2023 revenue and non-GAAP net income per share guidance.
- Plan aims to streamline sales and customer services, remove management layers to industry best practices.

## SEC filing metadata
- accession: 0001104659-23-005817
- form_type: 8-K
- ticker: YEXT
- cik: 0001614178
- company_name: Yext, Inc.
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614178/000110465923005817/0001104659-23-005817-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614178/000110465923005817/tm234065d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-005817
- JSON: https://secwatch.observer/filing/0001104659-23-005817.json
- Plain text: https://secwatch.observer/filing/0001104659-23-005817.txt

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