---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-022886"
form_type: "8-K"
ticker: null
cik: "0001839608"
company_name: "Getaround, Inc"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:42:15.695585+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Getaround approves restructuring plan: 10% headcount cut, $25-30M annual cost savings

## Summary
- Approves restructuring plan reducing global workforce by ~10% (impacting North America only).
- Expects $1.4M in one-time costs, mainly severance and benefits.
- Aims for $25M-$30M in annualized cost savings through workforce cuts and reduced external spend.
- Restructuring expected to be completed in calendar year 2023.
- CEO cites macroeconomic uncertainty as reason for proactive cost optimization.

## SEC filing metadata
- accession: 0001193125-23-022886
- form_type: 8-K
- cik: 0001839608
- company_name: Getaround, Inc
- filed_at: 2023-02-02T23:59:59+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/1839608/000119312523022886/0001193125-23-022886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839608/000119312523022886/d455223d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-022886
- JSON: https://secwatch.observer/filing/0001193125-23-022886.json
- Plain text: https://secwatch.observer/filing/0001193125-23-022886.txt

## Key facts
- Restructurings & Charges
  Getaround, Inc announced a restructuring with charges of approximately $1.4 million affecting North American teams (approximately 10%).
  - Type: restructuring
  - Charge: approximately $1.4 million
  - Affected area: North American teams
  - Headcount: approximately 10%
  source text: the cost of risk during trips booked on the Getaround marketplace. The Company estimates that it will incur total costs in connection with the restructuring of approximately $1.4 million, substantially all of which is expected to be related to severance and benefits costs. These changes together are estimated to result in cost savings of between $25 million and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839608/000119312523022886/0001193125-23-022886-index.htm

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