{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-041595","form_type":"8-K","ticker":null,"cik":"0001839360","company_name":"FaZe Holdings Inc.","filed_at":"2023-05-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.063475+00:00","generated_at":"2026-06-14T20:03:18.993773+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FaZe Holdings cuts ~40% of workforce (46 positions) in restructuring plan","bullets":["Workforce reduction of ~46 positions, representing about 40% of total headcount.","Annualized savings of approximately $6 million expected from headcount cuts.","Estimated restructuring charges of ~$1.1 million, mostly cash severance and benefits.","Majority of charges expected in Q2 2023; CEO cites macroeconomic and industry challenges.","Company remains an emerging growth company under SEC rules."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-041595","json":"https://secwatch.observer/filing/0001213900-23-041595.json","markdown":"https://secwatch.observer/filing/0001213900-23-041595.md","text":"https://secwatch.observer/filing/0001213900-23-041595.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839360/000121390023041595/0001213900-23-041595-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839360/000121390023041595/ea178979-8k_fazehold.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T20:03:18.993773+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"96542691a11a04d23b7467a9a3db23475f87f729","claim":"FaZe Holdings Inc. announced a restructuring with charges of approximately $1.1 million (approximately 46 positions, which represents approximately 40% of the total workforce).","evidence_excerpt":"the Company expects to reduce its headcount by approximately 46 positions, which represents approximately 40% of the total workforce. The Company estimates the expenses associated with the headcount reductions will result in annualized savings of approximately $6 million. The Company expects to incur aggregate charges of approximately $1.1 million, consisting primarily of employee severance and benefit costs associated with the restructuring.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839360/000121390023041595/0001213900-23-041595-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $1.1 million"},{"label":"Headcount","value":"approximately 46 positions, which represents approximately 40% of the total workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}