---
schema_version: "secwatch.filing_event.v1"
accession: "0001402479-24-000004"
form_type: "8-K"
ticker: null
cik: "0001402479"
company_name: "MedAvail Holdings, Inc."
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:56:56.254818+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MedAvail reduces workforce by 40%, targets $1.7M annual savings

## Summary
- Board approved reduction in force of ~40% of full-time employees, effective Jan 22, 2024.
- Expects annualized operating expense savings of ~$1.7 million versus full year 2024.
- Expects to incur ~$0.3 million in Q1 2024 expenses related to the reduction.
- Company continues to pursue strategies to address financial condition and liquidity.

## SEC filing metadata
- accession: 0001402479-24-000004
- form_type: 8-K
- cik: 0001402479
- company_name: MedAvail Holdings, Inc.
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402479/000140247924000004/0001402479-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402479/000140247924000004/medavail-20240119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402479-24-000004
- JSON: https://secwatch.observer/filing/0001402479-24-000004.json
- Plain text: https://secwatch.observer/filing/0001402479-24-000004.txt

## Key facts
- Restructurings & Charges
  MedAvail Holdings, Inc. announced a restructuring with charges of approximately $0.3 million (approximately 40% of the Company's current full-time employees).
  - Type: restructuring
  - Charge: approximately $0.3 million
  - Headcount: approximately 40% of the Company's current full-time employees
  source text: expected to result in annualized operating expense savings of approximately $1.7 million compared to the full year 2024. The Company expects to incur expenses of approximately $0.3 million during the first quarter of 2024 related to the Reduction. The first quarter expenses and annualized savings the Company expects in connection with the Reduction are estimates
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402479/000140247924000004/0001402479-24-000004-index.htm

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