---
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"
generated_at: "2026-06-06T10:53:50.818634+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Zuora announces 8% workforce reduction; preliminary Q4/FY2024 results in line with guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0001423774-24-000052
- form_type: 8-K
- cik: 0001423774
- company_name: ZUORA INC
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 2.05
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001423774-24-000052
- JSON: https://secwatch.observer/filing/0001423774-24-000052.json
- Plain text: https://secwatch.observer/filing/0001423774-24-000052.txt

## Key facts
- Earnings Releases
  ZUORA INC updated its fiscal year ended January 31, 2024 guidance (reaffirmed).
  - Period: fiscal year ended January 31, 2024
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1423774/000142377424000052/0001423774-24-000052-index.htm
- Restructurings & Charges
  ZUORA INC announced a restructuring with charges of approximately $11.0 million (8% reduction in headcount).
  - Type: restructuring
  - Charge: approximately $11.0 million
  - Headcount: 8% reduction in headcount
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1423774/000142377424000052/0001423774-24-000052-index.htm

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