---
schema_version: "secwatch.filing_event.v1"
accession: "0001200375-22-000042"
form_type: "8-K"
ticker: "CDXS"
cik: "0001200375"
company_name: "CODEXIS, INC."
filed_at: "2022-11-29T23:59:59+00:00"
generated_at: "2026-06-21T12:06:40.136549+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Codexis cuts 18% of workforce, discontinues development programs; $2.9M severance cost

## Summary
- Workforce reduction of approximately 18% authorized on November 28, 2022.
- Company to discontinue certain development programs, focus on highest-potential projects.
- Total severance and bonus payments estimated at $2.9 million, to be expensed in Q4 2022.
- Reduction expected to be substantially completed by December 31, 2022.

## SEC filing metadata
- accession: 0001200375-22-000042
- form_type: 8-K
- ticker: CDXS
- cik: 0001200375
- company_name: CODEXIS, INC.
- filed_at: 2022-11-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1200375/000120037522000042/0001200375-22-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1200375/000120037522000042/cdxs-20221128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001200375-22-000042
- JSON: https://secwatch.observer/filing/0001200375-22-000042.json
- Plain text: https://secwatch.observer/filing/0001200375-22-000042.txt

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