---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-197743"
form_type: "8-K"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:08:48.010913+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Funko reduces workforce by 12-13% (~180-200 jobs); expects $2.4-2.8M charges, $20-22M annual savings

## Summary
- Reduction of approx 180-200 employees (12-13% of total workforce).
- Expects one-time charges of $2.4M to $2.8M, mostly in Q3 2023, primarily cash severance.
- Anticipates annualized run rate cash savings of $20M to $22M from the reduction.
- Part of initiative to rebalance cost structure into prioritized areas for long-term growth and margin improvement.
- Company may incur additional expenses not currently contemplated.

## SEC filing metadata
- accession: 0001193125-23-197743
- form_type: 8-K
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704711/000119312523197743/0001193125-23-197743-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000119312523197743/d542218d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-197743
- JSON: https://secwatch.observer/filing/0001193125-23-197743.json
- Plain text: https://secwatch.observer/filing/0001193125-23-197743.txt

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