---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-010593"
form_type: "8-K"
ticker: "ALEC"
cik: "0001653087"
company_name: "Alector, Inc."
filed_at: "2023-03-29T23:59:59+00:00"
generated_at: "2026-06-17T10:33:24.619029+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Alector cuts workforce by 11% (30 employees) to focus on late-stage immuno-neurology programs

## Summary
- Workforce reduction of ~11% (30 employees) effective March 29, 2023.
- One-time restructuring charges of ~$2.2M for severance and benefits.
- Company reaffirms cash runway through 2025 beyond key clinical milestones.
- Plan expected to be completed in first half of 2023.

## SEC filing metadata
- accession: 0000950170-23-010593
- form_type: 8-K
- ticker: ALEC
- cik: 0001653087
- company_name: Alector, Inc.
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653087/000095017023010593/0000950170-23-010593-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653087/000095017023010593/alec-20230328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-010593
- JSON: https://secwatch.observer/filing/0000950170-23-010593.json
- Plain text: https://secwatch.observer/filing/0000950170-23-010593.txt

## Key facts
- Restructurings & Charges
  Alector, Inc. announced a restructuring with charges of approximately $2.2 million affecting the organization (approximately 30 employees).
  - Type: restructuring
  - Charge: approximately $2.2 million
  - Affected area: the organization
  - Headcount: approximately 30 employees
  source text: multiple key clinical milestones for its prioritized late-stage programs. One-time restructuring charges associated with the reduction in force are expected to be approximately $2.2 million, primarily consisting of personnel expenses such as salaries, one-time severance payments, and other benefits. Cash payments related to these expenses will be paid out and the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653087/000095017023010593/0000950170-23-010593-index.htm

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