{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-219103","form_type":"8-K","ticker":"BL","cik":"0001666134","company_name":"BLACKLINE, INC.","filed_at":"2023-08-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.782674+00:00","generated_at":"2026-06-11T04:52:41.849533+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BlackLine to cut 9% of workforce (166 jobs) in restructuring, targeting $28M annual savings","bullets":["Workforce reduction of ~9%, or 166 positions, announced August 23, 2023.","Restructuring expenses estimated up to $9M, mainly for severance and termination benefits.","Annual gross cost savings of approximately $28M expected by year-end 2024.","Actions substantially complete in Q4 2023; cash expenditures for majority of costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-219103","json":"https://secwatch.observer/filing/0001193125-23-219103.json","markdown":"https://secwatch.observer/filing/0001193125-23-219103.md","text":"https://secwatch.observer/filing/0001193125-23-219103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1666134/000119312523219103/0001193125-23-219103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1666134/000119312523219103/d501527d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T04:52:41.849533+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7092a9e5fac22b8665f0479d2978ca2ac0cb0d63","claim":"BLACKLINE, INC. announced a restructuring with charges of up to $9.0 million (approximately 9.0%, or 166 total employee positions).","evidence_excerpt":"On August 23, 2023, BlackLine, Inc. (“BlackLine” or the “Company”) announced a restructuring plan that is designed to support the Company’s growth, scale and profitability objectives. As part of the restructuring, the Company expects to reduce its global workforce by approximately 9.0%, or 166 total employee positions. In connection with the restructuring plan, the Company currently estimates that it will incur expenses of up to $9.0 million, primarily for severance and other termination benefits.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1666134/000119312523219103/0001193125-23-219103-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"up to $9.0 million"},{"label":"Headcount","value":"approximately 9.0%, or 166 total employee positions"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}