---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-041520"
form_type: "8-K"
ticker: null
cik: "0001431695"
company_name: "Olo Inc."
filed_at: "2024-09-20T23:59:59+00:00"
generated_at: "2026-05-31T02:46:20.624757+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Olo cuts workforce ~9%, expects $2.2M-$2.6M charges; guidance unchanged

## Summary
- ~9% workforce reduction; estimated total charges $2.2M-$2.6M, primarily severance.
- Charges include $2.1M-$2.3M for severance and payroll taxes; $0.2M-$0.3M for benefits.
- Reiterates Q3 and FY 2024 revenue and Non-GAAP OI guidance ranges from July 31, 2024.
- Plans to reinvest savings into growth initiatives; departing employees get 10 weeks severance plus COBRA.

## SEC filing metadata
- accession: 0001140361-24-041520
- form_type: 8-K
- cik: 0001431695
- company_name: Olo Inc.
- filed_at: 2024-09-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1431695/000114036124041520/0001140361-24-041520-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1431695/000114036124041520/ef20036101_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-041520
- JSON: https://secwatch.observer/filing/0001140361-24-041520.json
- Plain text: https://secwatch.observer/filing/0001140361-24-041520.txt

## Key facts
- Restructurings & Charges
  Olo Inc. announced a restructuring with charges of approximately $2.2 million to $2.6 million (approximately 9%).
  - Type: restructuring
  - Charge: approximately $2.2 million to $2.6 million
  - Headcount: approximately 9%
  source text: Olo estimates that it will incur charges of approximately $2.2 million to $2.6 million in connection with the reduction of its workforce, which is expected to be incurred in the third quarter of fiscal year 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1431695/000114036124041520/0001140361-24-041520-index.htm

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