---
schema_version: "secwatch.filing_event.v1"
accession: "0000947871-23-000389"
form_type: "8-K"
ticker: "LIDR"
cik: "0001818644"
company_name: "AEye, Inc."
filed_at: "2023-03-29T23:59:59+00:00"
generated_at: "2026-06-17T10:53:01.725047+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AEye to cut workforce by ~33% (46 employees); expects $0.6-1.0M restructuring charge

## Summary
- Reduction of approximately 46 full-time and part-time employees, effective April 3, 2023.
- One-time restructuring charge of $0.6 to $1.0 million in Q1 2023, paid in cash in Q2.
- Revised strategic plan to be announced in May 2023 earnings call, including further operating expense cuts.
- Company previously discussed revised strategic plan on March 15, 2023 earnings call.

## SEC filing metadata
- accession: 0000947871-23-000389
- form_type: 8-K
- ticker: LIDR
- cik: 0001818644
- company_name: AEye, Inc.
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818644/000094787123000389/0000947871-23-000389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818644/000094787123000389/ss1917856_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000947871-23-000389
- JSON: https://secwatch.observer/filing/0000947871-23-000389.json
- Plain text: https://secwatch.observer/filing/0000947871-23-000389.txt

## Key facts
- Restructurings & Charges
  AEye, Inc. announced a restructuring with charges of one-time restructuring charge in the first quarter of 2023, to be paid in cash in the second quarter, in the range of $0.6 to $1.0 million, primarily consisting affecting workforce (restructure and reduce its workforce by approximately one-third, effective April 3, 2023. The reduction-in-force impacts).
  - Type: restructuring
  - Charge: one-time restructuring charge in the first quarter of 2023, to be paid in cash in the second quarter, in the range of $0.6 to $1.0 million, primarily consisting
  - Affected area: workforce
  - Headcount: restructure and reduce its workforce by approximately one-third, effective April 3, 2023. The reduction-in-force impacts
  source text: the Company announced today, March 28, 2023, that it will restructure and reduce its workforce by approximately one-third, effective April 3, 2023. The revised strategic plan to be announced in May is also expected to include other significant operating expense reductions. The reduction-in-force impacts approximately 46 full-time and part-time employees and is expected to be completed early in the second quarter of 2023. The Company expects to incur a one-time restructuring charge in the first quarter of 2023, to be paid in cash in the second quarter, in the range of $0.6 to $1.0 million, primarily consisting of personnel expenses, such as one-time separation payments and other benefits.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818644/000094787123000389/0000947871-23-000389-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.