BlackLine to Lay Off 7% of Global Staff

Dow Jones03-04

By Adriano Marchese

BlackLine said it intends to cut its workforce by 7%.

The enterprise software company said Tuesday that it will lay off about 130 employees and implement a voluntary departure program which allows for employees to resign of their own volition and receive a severance package.

Any voluntary resignations would be in addition to the 130 roles it is eliminating.

BlackLine said that the move is part of an organizational alignment and a broader focus on its key strategic priorities.

The layoffs are expected to cost about $5 million in severance and termination benefits and be substantially completed by the second quarter.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 04, 2025 06:34 ET (11:34 GMT)

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