---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-172705"
form_type: "8-K"
ticker: "OUST"
cik: "0001816581"
company_name: "Ouster, Inc."
filed_at: "2023-06-22T23:59:59+00:00"
generated_at: "2026-06-13T19:15:11.673475+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ouster announces cost-cutting measures with workforce reduction; expects $7.5M-$9.0M charges

## Summary
- Aggregate restructuring charges estimated between $7.5M and $9.0M.
- Cash termination benefits of $3.0M-$3.5M; non-cash stock-based comp charge of $4.5M-$5.5M.
- Reduction in force as part of the cost-cutting initiatives.
- Restructuring expected to be substantially completed by end of fiscal year 2023.

## SEC filing metadata
- accession: 0001193125-23-172705
- form_type: 8-K
- ticker: OUST
- cik: 0001816581
- company_name: Ouster, Inc.
- filed_at: 2023-06-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816581/000119312523172705/0001193125-23-172705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816581/000119312523172705/d498543d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-172705
- JSON: https://secwatch.observer/filing/0001193125-23-172705.json
- Plain text: https://secwatch.observer/filing/0001193125-23-172705.txt

## Key facts
- Restructurings & Charges
  Ouster, Inc. announced a restructuring with charges of approximately $7.5 million - $9.0 million of aggregate charges (a reduction in force).
  - Type: restructuring
  - Charge: approximately $7.5 million - $9.0 million of aggregate charges
  - Headcount: a reduction in force
  source text: On June 22, 2023, Ouster, Inc. (the "Company" or "Ouster") announced a series of cost cutting measures, including a reduction in force (collectively, the "Restructuring Initiatives"). The Restructuring Initiatives are expected to result in a range of approximately $7.5 million - $9.0 million of aggregate charges, which are anticipated to include $3.0 million - $3.5 million of one-time cash termination benefits and approximately $4.5 million - $5.5 million of non-cash stock-based compensation charge related to the vesting of share-based awards for employees who are terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816581/000119312523172705/0001193125-23-172705-index.htm

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