---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-044753"
form_type: "8-K"
ticker: "BL"
cik: "0001666134"
company_name: "BLACKLINE, INC."
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T14:25:36.137064+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-044753
- form_type: 8-K
- ticker: BL
- cik: 0001666134
- company_name: BLACKLINE, INC.
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1666134/000119312525044753/0001193125-25-044753-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1666134/000119312525044753/d844373d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-044753
- JSON: https://secwatch.observer/filing/0001193125-25-044753.json
- Plain text: https://secwatch.observer/filing/0001193125-25-044753.txt

## Key facts
- Executive change
  William "Bill" Wagner resigned as Member of the Board of Directors at BLACKLINE, INC..
  - Action: resigned
  - Role: Member of the Board of Directors
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1666134/000119312525044753/0001193125-25-044753-index.htm

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