secwatch.observer — SEC 8-K summary
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Issuer:     Amplitude, Inc. (AMPL)
CIK:        0001866692
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001193125-23-092340
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amplitude cuts 13% of global workforce (99 roles) to reduce costs; expects $7-9M in charges
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- Workforce reduction of ~13% (99 roles), majority in GTM organization; charges estimated at $7-9M.
- Cash expenditures of $6-8M expected; majority of charges in Q2 2023, substantially complete by end of Q2.
- Severance: at least 16 weeks salary in US; international employees on payroll until June 15; healthcare through June 30.
- CEO cites macroeconomic headwinds and customer challenges as reasons for the reduction.
- Equity vesting through June 15; career support and IT equipment retention for impacted employees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866692/000119312523092340/0001193125-23-092340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866692/000119312523092340/d475177d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-092340

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