---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-175552"
form_type: "8-K"
ticker: null
cik: "0001448056"
company_name: "NEW RELIC, INC."
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T16:10:51.359615+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# New Relic to cut up to 255 employees, expects $18-22M restructuring charges; director Carlisle to leave

## Summary
- Workforce reduction of up to 255 employees globally as part of restructuring plan announced at Analyst Day on May 25.
- Expects aggregate charges of $18-22 million, primarily employment termination costs, ~75% cash expenditures.
- Plans to hire approximately half of the reduced headcount in targeted areas for consumption business growth.
- Caroline Watteeuw Carlisle will not stand for re-election at 2023 Annual Meeting; no disagreement.
- Expects FY2024 headcount to be approximately same as FY2023.

## SEC filing metadata
- accession: 0001193125-23-175552
- form_type: 8-K
- cik: 0001448056
- company_name: NEW RELIC, INC.
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448056/000119312523175552/0001193125-23-175552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448056/000119312523175552/d513004d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-175552
- JSON: https://secwatch.observer/filing/0001193125-23-175552.json
- Plain text: https://secwatch.observer/filing/0001193125-23-175552.txt

## Key facts
- Executive change
  Caroline Watteeuw Carlisle departed as Director at NEW RELIC, INC..
  - Action: not stand for re-election
  - Role: Director
  source text: On June 21, 2023, Caroline Watteeuw Carlisle notified the Company of her decision to not stand for re-election as a member of the Company’s Board of Directors (the “Board”) at the Company’s 2023 Annual Meeting of Stockholders (the “Annual Meeting”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448056/000119312523175552/0001193125-23-175552-index.htm
- Restructurings & Charges
  NEW RELIC, INC. announced a restructuring with charges of approximately $18 million to $22 million (a total of up to 255 employees globally).
  - Type: restructuring
  - Charge: approximately $18 million to $22 million
  - Headcount: a total of up to 255 employees globally
  source text: currently expects to end fiscal year 2024 at approximately the same headcount as of the end of fiscal year 2023. The Company expects to incur aggregate charges of approximately $18 million to $22 million in connection with the restructuring plan, consisting primarily of employment termination and other one-time expenses. The Company expects approximately 75% of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1448056/000119312523175552/0001193125-23-175552-index.htm

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