BlackLine plans 7% workforce cut (~130 jobs); director Wagner resigns effective May 8

BLACKLINE, INC.

Global workforce reduction of ~7% (approx. 130 positions) as part of organizational alignment and performance management.
Estimated $5M in severance and termination benefits, mostly cash, recognized in Q1 and Q2 2025.
Voluntary departure program also offered; additional costs depend on acceptance; not included in 130 figure.
Director Bill Wagner resigns effective May 8, 2025, with no disagreements, to focus on his CEO role at Semrush.
Company expects no material impact on previously provided guidance; plans to exclude charges from non-GAAP measures.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

William "Bill" Wagner

Member of the Board of Directors

BL · BLACKLINE, INC.

Filed: March 4, 2025, 6:59 PM ET

William “Bill” Wagner, member of the board of directors (the “Board”) of BlackLine, Inc. (the “Company”) informed the Company that he intended to resign from the Board, effective as of the expected date of the Company’s annual stockholder meeting.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William "Bill" Wagner resigned as Member of the Board of Directors at BLACKLINE, INC..

Action: resigned
Role: Member of the Board of Directors

Exact text from the filing

William “Bill” Wagner, member of the board of directors (the “Board”) of BlackLine, Inc. (the “Company”) informed the Company that he intended to resign from the Board, effective as of the expected date of the Company’s annual stockholder meeting.

View on SEC.gov

BLACKLINE, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-044753

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.