{"schema_version":"secwatch.filing_event.v1","accession":"0001614178-24-000046","form_type":"8-K","ticker":"YEXT","cik":"0001614178","company_name":"Yext, Inc.","filed_at":"2024-06-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.258024+00:00","generated_at":"2026-06-01T06:32:41.423136+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Yext cuts ~12% of workforce, expects $5M restructuring charge in Q2 FY25","bullets":["Workforce reduction of ~12% of full-time employees vs Jan 31, 2024 headcount.","Incremental restructuring cash charge of ~$5M (severance, benefits); majority in Q2 FY25.","Yvette Martinez-Rea named COO; Tzi-Kei Wong (CPO) departs; Chris Brownlee to lead Product.","CEO cites need to reduce costs amid macro headwinds; company has no debt and healthy cash.","Implementation substantially complete by end of Q2 FY25, subject to jurisdictional legal reqs."],"urls":{"canonical":"https://secwatch.observer/filing/0001614178-24-000046","json":"https://secwatch.observer/filing/0001614178-24-000046.json","markdown":"https://secwatch.observer/filing/0001614178-24-000046.md","text":"https://secwatch.observer/filing/0001614178-24-000046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1614178/000161417824000046/0001614178-24-000046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1614178/000161417824000046/yext-20240604.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T06:32:41.423136+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":"dca9bfd0db9d5554ebd81e26a0eacd4920ad38ee","claim":"Yext, Inc. announced a restructuring with charges of approximately $5 million (approximately 12 percent of its full-time employees).","evidence_excerpt":"its full-time employees as compared to its headcount as of January 31, 2024. The Company estimates that it will incur an incremental restructuring cash charge of approximately $5 million in connection with the Plan, primarily consisting of severance payments, payments in lieu of notice, employee benefits and related costs. The Company expects to incur the","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1614178/000161417824000046/0001614178-24-000046-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $5 million"},{"label":"Headcount","value":"approximately 12 percent of its 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"}