---
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"
generated_at: "2026-06-01T06:32:41.423136+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Yext cuts ~12% of workforce, expects $5M restructuring charge in Q2 FY25

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001614178-24-000046
- JSON: https://secwatch.observer/filing/0001614178-24-000046.json
- Plain text: https://secwatch.observer/filing/0001614178-24-000046.txt

## Key facts
- Restructurings & Charges
  Yext, Inc. announced a restructuring with charges of approximately $5 million (approximately 12 percent of its full-time employees).
  - Type: restructuring
  - Charge: approximately $5 million
  - Headcount: approximately 12 percent of its full-time employees
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1614178/000161417824000046/0001614178-24-000046-index.htm

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