secwatch.observer — SEC 8-K summary
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Issuer:     NEW RELIC, INC. (—)
CIK:        0001448056
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001193125-23-175552
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.05, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1448056/000119312523175552/0001193125-23-175552-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1448056/000119312523175552/d513004d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-175552

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