{"schema_version":"secwatch.filing_event.v1","accession":"0001517413-24-000180","form_type":"8-K","ticker":"FSLY","cik":"0001517413","company_name":"Fastly, Inc.","filed_at":"2024-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.341720+00:00","generated_at":"2026-05-31T10:52:41.576049+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Fastly announces restructuring, cutting 11% of workforce with $10M charge in Q3 2024","bullets":["Headcount reduction of approximately 11% of global full-time employees.","Estimated restructuring charge of $9.5M to $10.0M in Q3 2024, primarily cash for severance.","Restructuring actions expected to be substantially complete by end of fiscal year 2024.","Plan aimed at streamlining organization and reducing expenses."],"urls":{"canonical":"https://secwatch.observer/filing/0001517413-24-000180","json":"https://secwatch.observer/filing/0001517413-24-000180.json","markdown":"https://secwatch.observer/filing/0001517413-24-000180.md","text":"https://secwatch.observer/filing/0001517413-24-000180.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1517413/000151741324000180/0001517413-24-000180-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1517413/000151741324000180/fsly-20240807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T10:52:41.576049+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":"0c21af88e6f08bc03e34297dca029a382ab5e983","claim":"Fastly, Inc. announced a restructuring with charges of between approximately $9.5 million to $10.0 million (approximately 11% of our global full time employees).","evidence_excerpt":"headcount by approximately 11% of our global full time employees. In connection with the Plan, the Company currently estimates it will incur a charge of between approximately $9.5 million to $10.0 million in the third quarter of 2024, which consists primarily of cash expenditures for severance payments, employee benefits, and related costs for the reduction in","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1517413/000151741324000180/0001517413-24-000180-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"between approximately $9.5 million to $10.0 million"},{"label":"Headcount","value":"approximately 11% of our global full time employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}