---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000841"
form_type: "8-K"
ticker: null
cik: "0001884697"
company_name: "Starry Group Holdings, Inc."
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T14:17:01.497039+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Starry Group cuts 100 jobs (24% of workforce) to reduce costs

## Summary
- Reduction of ~100 employees, or ~24% of total workforce, effective Jan 23, 2023.
- Estimated one-time cash charges of ~$0.8M for severance and benefits, mostly in Q1 2023.
- Expected ~$12M in annual cash operating expense savings from foregone salaries and benefits.
- Non-cash savings of ~$5.3M from cancellation of unvested equity awards; $0.5M reversal in Q1.
- Company cites cost-reduction focus on serving existing core markets and customers.

## SEC filing metadata
- accession: 0000950170-23-000841
- form_type: 8-K
- cik: 0001884697
- company_name: Starry Group Holdings, Inc.
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1884697/000095017023000841/0000950170-23-000841-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1884697/000095017023000841/stry-20230118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000841
- JSON: https://secwatch.observer/filing/0000950170-23-000841.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000841.txt

## Key facts
- Restructurings & Charges
  Starry Group Holdings, Inc. announced a restructuring with charges of approximately $0.8 million (approximately 100 employees, representing approximately 24% of the Company’s total workforce).
  - Type: restructuring
  - Charge: approximately $0.8 million
  - Headcount: approximately 100 employees, representing approximately 24% of the Company’s total workforce
  source text: and allow the Company to focus on serving its existing core markets and customers. The Company currently estimates that it will incur one-time cash charges of approximately $0.8 million in connection with the reduction in force, primarily consisting of notice period and severance payments, employee benefits and related costs. The Company expects that the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1884697/000095017023000841/0000950170-23-000841-index.htm

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