---
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"
generated_at: "2026-06-11T04:52:41.849533+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BlackLine to cut 9% of workforce (166 jobs) in restructuring, targeting $28M annual savings

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-219103
- JSON: https://secwatch.observer/filing/0001193125-23-219103.json
- Plain text: https://secwatch.observer/filing/0001193125-23-219103.txt

## Key facts
- Restructurings & Charges
  BLACKLINE, INC. announced a restructuring with charges of up to $9.0 million (approximately 9.0%, or 166 total employee positions).
  - Type: restructuring
  - Charge: up to $9.0 million
  - Headcount: approximately 9.0%, or 166 total employee positions
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1666134/000119312523219103/0001193125-23-219103-index.htm

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