Item 2.02 Results of Operations and Financial Condition.
On November 5, 2020, Cornerstone OnDemand, Inc. issued a press release reporting
results for the fiscal quarter ended September 30, 2020. The press release is
furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information set forth under this Item 2.02, including Exhibit 99.1, shall
not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), or incorporated by reference in any
filing under the Securities Act of 1933, as amended (the "Securities Act"), or
the Exchange Act, except as shall be expressly set forth by specific reference
in such a filing.
The attached press release includes a discussion of certain non-GAAP financial
measures as well as a reconciliation of such non-GAAP financial measures to the
corresponding GAAP financial measures.
Item 2.05 Costs Associated with Exit or Disposal Activities.
On April 22, 2020, the Company announced the closing of its acquisition of Saba
Software, Inc. On November 5, 2020, the Company announced workforce reductions,
approved on November 4, 2020, as part of the Company's phased integration plan
with Saba to streamline the organization. In connection with this phase of
reductions, the Company expects to incur, on a pre-tax basis, between
approximately $5.0 million and $7.0 million of cash charges and approximately
$1.0 million of non-cash charges related to employee terminations. The Company
will eliminate approximately 115 positions during this phase of its integration
plan. The Company expects the actions to be substantially complete by the end of
the fourth quarter of 2020. Certain related cash payment obligations will
continue into the first quarter of 2021.
Item 9.01 Financial Statements and Exhibits.
(d)  Exhibits.
Exhibit No.        Description
99.1                 Press Release dated     Nov    ember 5    , 2020.
104                Cover Page Interactive Data File (embedded within the Inline XBRL document).

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