secwatch.observer — SEC 8-K summary
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Issuer:     LiveRamp Holdings, Inc. (RAMP)
CIK:        0000733269
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0000733269-22-000038
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

LiveRamp announces 10% workforce reduction, real estate downsizing; expects $30-35M annual savings
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- Reduction in force of approximately 10% of full-time employees to simplify operations.
- Annualized operating expense savings estimated at $30 million to $35 million.
- Restructuring charges: ~$5M in severance/benefits; $14M-$17M for real estate in Q3/Q4 FY2023.
- Already incurred $12M real estate restructuring charge in Q2 FY2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/733269/000073326922000038/0000733269-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/733269/000073326922000038/ramp-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000733269-22-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer