{"schema_version":"secwatch.filing_event.v1","accession":"0001423774-24-000052","form_type":"8-K","ticker":null,"cik":"0001423774","company_name":"ZUORA INC","filed_at":"2024-02-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.145657+00:00","generated_at":"2026-06-06T10:53:50.818634+00:00","sec_items":["2.02","2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Zuora announces 8% workforce reduction; preliminary Q4/FY2024 results in line with guidance","bullets":["Net workforce reduction of 8%; ~60% of net reduction outside the U.S.","Expected charges of ~$11M, primarily cash, mostly recognized in Q4 FY2024.","Preliminary Q4 & FY2024 revenue, non-GAAP income, and adjusted free cash flow consistent with prior guidance.","Preliminary ARR growth ~10-10.5% YoY, DBRR ~106% as of Jan 31, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001423774-24-000052","json":"https://secwatch.observer/filing/0001423774-24-000052.json","markdown":"https://secwatch.observer/filing/0001423774-24-000052.md","text":"https://secwatch.observer/filing/0001423774-24-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1423774/000142377424000052/0001423774-24-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1423774/000142377424000052/zuo-20240127.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T10:53:50.818634+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":[{"claim_id":"2dab9fa0438e4b67c380fa93be6abc5bbba9a2c8","claim":"ZUORA INC updated its fiscal year ended January 31, 2024 guidance (reaffirmed).","evidence_excerpt":"Zuora also announced its preliminary expectations that, for its fourth quarter and fiscal year ended January 31, 2024, subscription revenue, total revenue, non-GAAP income from operations, and adjusted free cash flow are expected to be consistent with previous guidance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1423774/000142377424000052/0001423774-24-000052-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended January 31, 2024"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"15f2aa73cbb7b6aa34e9bffe75760d9d7cc387a0","claim":"ZUORA INC announced a restructuring with charges of approximately $11.0 million (8% reduction in headcount).","evidence_excerpt":"and new roles will be hired in certain teams and locations. Approximately 60% of the net reduction is outside the United States. We expect to incur charges of approximately $11.0 million consisting primarily of termination benefits to the impacted employees, including severance payments, healthcare costs and job placement benefits. We expect substantially all of","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1423774/000142377424000052/0001423774-24-000052-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $11.0 million"},{"label":"Headcount","value":"8% reduction in headcount"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}