---
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"
generated_at: "2026-06-14T20:03:18.993773+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FaZe Holdings cuts ~40% of workforce (46 positions) in restructuring plan

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-041595
- form_type: 8-K
- cik: 0001839360
- company_name: FaZe Holdings Inc.
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-041595
- JSON: https://secwatch.observer/filing/0001213900-23-041595.json
- Plain text: https://secwatch.observer/filing/0001213900-23-041595.txt

## Key facts
- Restructurings & Charges
  FaZe Holdings Inc. announced a restructuring with charges of approximately $1.1 million (approximately 46 positions, which represents approximately 40% of the total workforce).
  - Type: restructuring
  - Charge: approximately $1.1 million
  - Headcount: approximately 46 positions, which represents approximately 40% of the total workforce
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1839360/000121390023041595/0001213900-23-041595-index.htm

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