---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-025954"
form_type: "8-K"
ticker: "ARAY"
cik: "0001138723"
company_name: "ACCURAY INC"
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T10:37:37.168741+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Accuray to cut ~4.5% of global workforce, expects $2.0M restructuring charge in Q2 FY2023

## Summary
- Workforce reduction of approximately 4.5% of global employees announced December 1, 2022.
- Total estimated cost of initiative is ~$2.0 million, to be recorded in Q2 fiscal year 2023.
- Company expects to substantially complete the cost saving initiative in the second quarter of fiscal 2023.
- Initiative aims to reduce operating costs; no specific savings target disclosed.

## SEC filing metadata
- accession: 0000950170-22-025954
- form_type: 8-K
- ticker: ARAY
- cik: 0001138723
- company_name: ACCURAY INC
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138723/000095017022025954/0000950170-22-025954-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138723/000095017022025954/aray-20221201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025954
- JSON: https://secwatch.observer/filing/0000950170-22-025954.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025954.txt

## Key facts
- Restructurings & Charges
  ACCURAY INC announced a restructuring with charges of approximately $2.0 million (approximately 4.5 percent of its global workforce).
  - Type: restructuring
  - Charge: approximately $2.0 million
  - Headcount: approximately 4.5 percent of its global workforce
  source text: On December 1, 2022, Accuray Incorporated (the “Company”) informed affected employees of a cost saving initiative designed to reduce operating costs through the elimination of approximately 4.5 percent of its global workforce. The Company expects to substantially complete the cost saving initiative in the second quarter of fiscal 2023. The Company estimates the total cost of this initiative to be approximately $2.0 million, which is expected to be recorded in the second quarter of fiscal 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138723/000095017022025954/0000950170-22-025954-index.htm

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