{"schema_version":"secwatch.filing_event.v1","accession":"0001288847-24-000125","form_type":"8-K","ticker":"FIVN","cik":"0001288847","company_name":"Five9, Inc.","filed_at":"2024-08-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.479517+00:00","generated_at":"2026-05-31T08:25:13.514528+00:00","sec_items":["2.05","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Five9 cuts ~7% of workforce; expects $12-15M in severance costs","bullets":["Reduction affects approximately 7% of global full-time employees.","Estimated aggregate costs of $12M-$15M, primarily cash severance and benefits.","Costs expected in Q3 and Q4 2024; actions substantially complete by year-end.","Plan announced alongside lowered FY2024 revenue guidance from Aug 8 call.","CEO Mike Burkland communicated the layoff via internal email on Aug 20."],"urls":{"canonical":"https://secwatch.observer/filing/0001288847-24-000125","json":"https://secwatch.observer/filing/0001288847-24-000125.json","markdown":"https://secwatch.observer/filing/0001288847-24-000125.md","text":"https://secwatch.observer/filing/0001288847-24-000125.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1288847/000128884724000125/0001288847-24-000125-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1288847/000128884724000125/fivn-20240820.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T08:25:13.514528+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}