PagerDuty, Inc. filed a Form 8-K with the SEC on August 27, 2026, disclosing a restructuring action that includes an approximately 15% reduction in current headcount and reporting financial results for the quarter ended July 31, 2026.

Key Highlights

  • Headcount cut: PagerDuty disclosed a reduction in its current headcount of approximately 15%.
  • Estimated charges: The company estimates non-recurring charges in a range of $5.5 million to $7.5 million related to the headcount reductions.
  • Charge composition: The estimated charges primarily consist of severance payments, notice pay (where applicable), employee benefits payments, and related costs.
  • Timing: The majority of restructuring charges are expected to be incurred in the third quarter of fiscal 2027, with implementation substantially complete by the end of the fourth quarter of fiscal 2027.
  • Quarterly results: Financial results for the quarter ended July 31, 2026, were reported via a press release furnished as Exhibit 99.1.
  • Signed by: The filing was signed by Christopher Ferro, Chief Legal Officer and Secretary.

PagerDuty Restructuring Details and Fiscal Q2 2027 Results Disclosure

According to the filing, on August 26, 2026, PagerDuty, Inc. (NYSE:PD) announced it is "advancing global scaling initiatives as part of its ongoing actions to improve operational efficiency and better align resources with the Company's strategic priorities." The company disclosed that the changes include "reallocating certain roles and realigning teams to continue to improve operational resiliency and agility," with an immediate impact of an approximately 15% reduction in current headcount.

The company reported it estimates non-recurring charges in a range of $5.5 million to $7.5 million in connection with the headcount reductions. According to the filing, the majority of restructuring charges are expected in the third quarter of fiscal 2027, and the implementation of the headcount reductions, including cash payments, is expected to be "substantially complete by the end of the fourth quarter of fiscal 2027." The filing noted that potential position eliminations are subject to legal requirements that vary by jurisdiction, which "may extend this process beyond the fourth quarter of fiscal 2027 in certain cases."

The filing also noted that the charges are "subject to a number of assumptions, including legal requirements in various jurisdictions, and actual expenses may differ materially from the estimates disclosed." Separately, under Item 2.02, the company reported financial results for the quarter ended July 31, 2026, via a press release furnished as Exhibit 99.1. The filing stated that the press release "shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934." The filing contains forward-looking statements that are the company's own and are subject to its cautionary language and identified risk factors.

What Was Disclosed

PagerDuty disclosed a restructuring action involving an approximately 15% reduction in headcount, with estimated non-recurring charges of $5.5 million to $7.5 million, and separately furnished a press release covering quarterly financial results for the period ended July 31, 2026.