---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-055350"
form_type: "8-K"
ticker: "ARAY"
cik: "0001138723"
company_name: "ACCURAY INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T07:57:21.263836+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Accuray cuts ~5.9% of workforce as part of margin expansion plan, expects $2.5M cost in Q2 FY2024

## Summary
- Workforce reduction of ~5.9% committed Sept 13; employees informed Oct 25.
- Estimated total cost ~$2.5 million, expected to be recorded in fiscal Q2 2024.
- Initiative part of margin expansion plan; expected substantially complete in Q2 FY2024.

## SEC filing metadata
- accession: 0000950170-23-055350
- form_type: 8-K
- ticker: ARAY
- cik: 0001138723
- company_name: ACCURAY INC
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138723/000095017023055350/0000950170-23-055350-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138723/000095017023055350/aray-20230913.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-055350
- JSON: https://secwatch.observer/filing/0000950170-23-055350.json
- Plain text: https://secwatch.observer/filing/0000950170-23-055350.txt

## Key facts
- Restructurings & Charges
  ACCURAY INC announced a restructuring with charges of approximately $2.5 million (reduction of its global workforce ... elimination of approximately 5.9 percent of the Company’s global workforce).
  - Type: restructuring
  - Charge: approximately $2.5 million
  - Headcount: reduction of its global workforce ... elimination of approximately 5.9 percent of the Company’s global workforce
  source text: On September 13, 2023, in accordance with its margin expansion plan, Accuray Incorporated (the “Company”) committed to a cost savings initiative designed to reduce operating costs through the reduction of its global workforce. On October 25, 2023, the Company informed affected employees of such cost savings initiative, which resulted in the elimination of approximately 5.9 percent of the Company’s global workforce. The Company expects to substantially complete the cost savings initiative in the second quarter of fiscal 2024. The Company estimates the total cost of this initiative to be approximately $2.5 million, which is expected to be recorded in the second quarter of fiscal 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1138723/000095017023055350/0000950170-23-055350-index.htm

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