WordPress at a glance
action is not described

action_scheduler_failed_action action-hook . WC 1.0

Usage

add_action( 'action_scheduler_failed_action', 'action_function_name_4589', 10, 2 );
function action_function_name_4589( $action_id, $timeout ){
	// action...
}
$action_id
-
$timeout
-

Where the hook is called

ActionScheduler_QueueCleaner::mark_failures()
action_scheduler_failed_action
woocommerce/includes/libraries/action-scheduler/classes/ActionScheduler_QueueCleaner.php 125
do_action( 'action_scheduler_failed_action', $action_id, $timeout );

Where the hook is used (in WC core)

includes/libraries/action-scheduler/classes/ActionScheduler_Logger.php 54
add_action( 'action_scheduler_failed_action', array( $this, 'log_timed_out_action' ), 10, 2 );