---
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"
generated_at: "2026-05-31T10:52:41.576049+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Fastly announces restructuring, cutting 11% of workforce with $10M charge in Q3 2024

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001517413-24-000180
- JSON: https://secwatch.observer/filing/0001517413-24-000180.json
- Plain text: https://secwatch.observer/filing/0001517413-24-000180.txt

## Key facts
- Restructurings & Charges
  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).
  - Type: restructuring
  - Charge: between approximately $9.5 million to $10.0 million
  - Headcount: approximately 11% of our global full time employees
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1517413/000151741324000180/0001517413-24-000180-index.htm

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