---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-028671"
form_type: "8-K"
ticker: null
cik: "0001054721"
company_name: "BSQUARE CORP /WA"
filed_at: "2022-12-07T23:59:59+00:00"
generated_at: "2026-06-21T07:57:35.865294+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bsquare cuts workforce ~20%; expects $0.2-0.3M restructuring costs in Q4 2022/Q1 2023

## Summary
- Headcount reduced by ~20% as part of cost alignment with 2023 strategic and operating priorities.
- Estimated restructuring costs of $0.2M to $0.3M, primarily severance, benefits, and related costs.
- Charges expected in Q4 2022 and Q1 2023; completion anticipated by Q1 2023.
- Plan subject to local law and consultation requirements, which may extend beyond Q1 2023 in some countries.

## SEC filing metadata
- accession: 0001437749-22-028671
- form_type: 8-K
- cik: 0001054721
- company_name: BSQUARE CORP /WA
- filed_at: 2022-12-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1054721/000143774922028671/0001437749-22-028671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1054721/000143774922028671/bsqr20221205_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-028671
- JSON: https://secwatch.observer/filing/0001437749-22-028671.json
- Plain text: https://secwatch.observer/filing/0001437749-22-028671.txt

## Key facts
- Restructurings & Charges
  BSQUARE CORP /WA announced a restructuring with charges of approximately $0.2 million to $0.3 million (approximately 20%).
  - Type: restructuring
  - Charge: approximately $0.2 million to $0.3 million
  - Headcount: approximately 20%
  source text: On December 5, 2022, Bsquare Corporation (“Bsquare” or the “Company”) enacted a reduction in workforce plan (the “Plan”) as part of broader efforts to align the Company’s cost base with its 2023 strategic and operating priorities. The Plan is expected to reduce the Company’s headcount by approximately 20%. The Company estimates the aggregate restructuring costs associated with the Plan to be approximately $0.2 million to $0.3 million, primarily consisting of severance payments, employee benefits and related costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1054721/000143774922028671/0001437749-22-028671-index.htm

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