secwatch.observer — SEC 8-K summary
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Issuer:     BLACKLINE, INC. (BL)
CIK:        0001666134
Form:       8-K
Filed at:   2023-08-23T23:59:59+00:00
Accession:  0001193125-23-219103
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666134/000119312523219103/0001193125-23-219103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666134/000119312523219103/d501527d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-219103

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