Five9, Inc. (FIVN): restructuring charge — Five9 announces 4% workforce reduction and preliminary Q1 results in-line with guidance

Five9, Inc.

Approximately 4% of global workforce reduced; cash expenses estimated at $7-9M for severance and benefits.
Non-cash share-based vesting charges of $1-1.5M expected; expenses primarily in Q2 and Q3 2025.
Preliminary Q1 2025 results expected to be in-line or better than prior guidance; full results in early May.
Restructuring to prioritize AI investments and drive profitable growth; actions substantially complete by end of Q2 2025.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Five9, Inc. announced a restructuring with charges of approximately $7 million to $9 million affecting global full-time employees (approximately 4%).

Type: restructuring
Charge: approximately $7 million to $9 million
Affected area: global full-time employees
Headcount: approximately 4%

Exact text from the filing

On March 31, 2025, the Board of Directors of the Company approved a reduction in force plan (the “Plan”) as part of the Company’s broader efforts to prioritize investments in key strategic areas, including artificial intelligence, as well as to drive profitable growth in supporting its positive, long-term outlook and increasing shareholder value. On April 3, 2025, the Company commenced execution of the Plan, which is expected to reduce the Company’s global full-time employees by approximately 4%. The Company estimates the cash expenditures associated with the Plan to be approximately $7 million to $9 million, primarily consisting of severance payments, notice period payments in applicable jurisdictions, employee benefits and related costs.

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Five9, Inc. filing history →

Source: SEC EDGAR

accession 0001288847-25-000080

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