On August 7, 2024, Fastly committed to a restructuring plan to streamline its organization and reduce expenses. The plan includes a reduction of approximately 11% of its global full-time workforce.Fastly estimates it will incur a charge of $9.5 million to $10.0 million in Q3 2024, primarily for severance payments, employee benefits, and related costs. The company expects the headcount reductions and related cash payments to be substantially complete by the end of fiscal year 2024.The restructuring plan aims to improve operational efficiencies, but actual results may differ from estimates. Fastly cautions that forward-looking statements are subject to risks and uncertainties, including macroeconomic uncertainty and geo-political conflicts that may affect its business, financial condition, and prospects.

On August 7, 2024, Fastly committed to a restructuring plan to streamline its organization and reduce expenses. The plan includes a reduction of approximately 11% of its global full-time workforce.Fastly estimates it will incur a charge of $9.5 million to $10.0 million in Q3 2024, primarily for severance payments, employee benefits, and related costs. The company expects the headcount reductions and related cash payments to be substantially complete by the end of fiscal year 2024.The restructuring plan aims to improve operational efficiencies, but actual results may differ from estimates. Fastly cautions that forward-looking statements are subject to risks and uncertainties, including macroeconomic uncertainty and geo-political conflicts that may affect its business, financial condition, and prospects.