The latest update is out from BlackLine ( (BL) ).
On February 27, 2025, William “Bill” Wagner announced his intention to resign from the board of directors of BlackLine, Inc., effective May 8, 2025, to focus on his new role as CEO at Semrush. On March 4, 2025, BlackLine announced plans to reduce its global workforce by approximately 7%, or 130 positions, as part of its organizational alignment and performance management initiatives. The company will also offer a voluntary departure program with severance packages. These actions are expected to be completed in the first half of fiscal year 2025, with estimated expenses of $5 million, primarily for severance. BlackLine intends to continue hiring for critical roles and does not anticipate these actions to materially impact its financial guidance.
More about BlackLine
YTD Price Performance: -19.94%
Average Trading Volume: 705,002
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.03B
Learn more about BL stock on TipRanks’ Stock Analysis page.