secwatch.observer — SEC 8-K summary
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Issuer:     PagerDuty, Inc. (PD)
CIK:        0001568100
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001568100-23-000006
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 2.05, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PagerDuty cuts 7% headcount, appoints new global field ops lead, reaffirms FY23 guidance
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- 7% headcount reduction as part of global scaling initiative; total charges of $19M–$23M for severance, benefits, and real estate.
- Dave Justice resigns as CRO; Jeremy Kmet promoted to SVP Global Field Operations effective Feb 1, 2023.
- Reaffirms Q4 FY23 revenue of $98M–$100M (25–27% YoY growth) and non-GAAP EPS of $0.02–$0.03.
- Reaffirms FY23 revenue of $368M–$370M (31% YoY growth) and non-GAAP loss per share of $0.01–$0.00.
- Company commits to >20% revenue growth and continued operating margin improvement at least at FY23 pace.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568100/000156810023000006/0001568100-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568100/000156810023000006/pd-20230123.htm
  HTML page:      https://secwatch.observer/filing/0001568100-23-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer