---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-087548"
form_type: "8-K/A"
ticker: "TWST"
cik: "0001581280"
company_name: "Twist Bioscience Corp"
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T05:59:38.042351+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Twist Bioscience reports $12.7M restructuring costs, exceeding prior $9-11M estimate

## Summary
- Cumulative pre-tax restructuring costs of $12.7M recognized through June 30, 2023.
- Broke down as $8.6M severance, $3.6M asset impairments, and $0.4M other costs.
- Expects additional severance up to $0.4M and other costs up to $0.6M.
- Restructuring includes ~270 employee reduction (25% of workforce) and facility consolidation.
- Previous estimate of $9-11M was based on initial plan approved May 3, 2023.

## SEC filing metadata
- accession: 0001104659-23-087548
- form_type: 8-K/A
- ticker: TWST
- cik: 0001581280
- company_name: Twist Bioscience Corp
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1581280/000110465923087548/0001104659-23-087548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1581280/000110465923087548/tm2322811d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-087548
- JSON: https://secwatch.observer/filing/0001104659-23-087548.json
- Plain text: https://secwatch.observer/filing/0001104659-23-087548.txt

## Key facts
- Restructurings & Charges
  Twist Bioscience Corp announced a restructuring with charges of $9 and $11 million affecting South San Francisco and Wilsonville, Oregon facilities (approximately 270 employees worldwide, representing approximately 25% of the Company's total workforce).
  - Type: restructuring
  - Charge: $9 and $11 million
  - Affected area: South San Francisco and Wilsonville, Oregon facilities
  - Headcount: approximately 270 employees worldwide, representing approximately 25% of the Company's total workforce
  source text: Company expects it to be substantially completed by the end of fiscal year 2023. As disclosed in the Original Report, the Company expected to incur pre-tax charges of between $9 and $11 million, consisting of cash expenditures for employee severance and related benefit costs. The Company recognized cumulative pre-tax restructuring costs of approximately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581280/000110465923087548/0001104659-23-087548-index.htm

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