---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-025890"
form_type: "8-K/A"
ticker: null
cik: "0001729750"
company_name: "Kubient, Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:00:15.934022+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kubient cuts workforce 50% (2 employees) in potential wind-down; CTO Berg terminated

## Summary
- 50% reduction in workforce (2 people) effective May 3, 2024 to reduce costs amid potential business wind-down.
- Expected restructuring charges of ~$243,000 for severance, primarily in Q2 2024.
- Annualized payroll and benefit expense reduction of up to $485,000.
- CTO Mitchell Berg terminated without cause; severance of $150,000 (6 months base salary) plus COBRA subsidy.

## SEC filing metadata
- accession: 0001140361-24-025890
- form_type: 8-K/A
- cik: 0001729750
- company_name: Kubient, Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729750/000114036124025890/0001140361-24-025890-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729750/000114036124025890/ef20029088_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-025890
- JSON: https://secwatch.observer/filing/0001140361-24-025890.json
- Plain text: https://secwatch.observer/filing/0001140361-24-025890.txt

## Key facts
- Restructurings & Charges
  Kubient, Inc. announced a restructuring with charges of approximately $243,000 affecting corporate workforce reduction in connection with potential wind-down of the Company’s business (approximately 50% reduction in the Company’s workforce, or two people).
  - Type: restructuring
  - Charge: approximately $243,000
  - Affected area: corporate workforce reduction in connection with potential wind-down of the Company’s business
  - Headcount: approximately 50% reduction in the Company’s workforce, or two people
  source text: On May 3, 2024, Kubient, Inc. (the “Company”) implemented an approximately 50% reduction in the Company’s workforce, or two people. The reduction in workforce is intended to reduce the Company’s operating costs in connection with the potential wind-down of the Company’s business. The Company expects to recognize restructuring charges in connection with the workforce reduction plan with respect to severance payments and benefits. Severance and benefit continuation charges are estimated to be approximately $243,000 and are expected to be recognized primarily in the second quarter of 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729750/000114036124025890/0001140361-24-025890-index.htm

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