---
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"
generated_at: "2026-05-31T08:25:13.514528+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Five9 cuts ~7% of workforce; expects $12-15M in severance costs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001288847-24-000125
- JSON: https://secwatch.observer/filing/0001288847-24-000125.json
- Plain text: https://secwatch.observer/filing/0001288847-24-000125.txt

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