{"schema_version":"secwatch.filing_event.v1","accession":"0001454938-23-000066","form_type":"8-K","ticker":"TEAD","cik":"0001454938","company_name":"Teads Holding Co.","filed_at":"2023-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.924215+00:00","generated_at":"2026-06-14T10:21:03.323734+00:00","sec_items":["2.05","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Outbrain reduces workforce by ~10%, expects $12M-$14M annual cost savings","bullets":["Workforce reduction of approximately 10% announced May 31, 2023; affected employees notified same day.","Expected annualized cost savings of $12M-$14M, with ~50% realized in 2023 and balance in 2024.","Pre-tax cash charges of ~$1M-$2M for severance and benefits, mostly in Q2 2023.","Reduction driven by macroeconomic uncertainty and need for operating efficiencies and growth focus."],"urls":{"canonical":"https://secwatch.observer/filing/0001454938-23-000066","json":"https://secwatch.observer/filing/0001454938-23-000066.json","markdown":"https://secwatch.observer/filing/0001454938-23-000066.md","text":"https://secwatch.observer/filing/0001454938-23-000066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1454938/000145493823000066/0001454938-23-000066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1454938/000145493823000066/outbrain-20230531.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T10:21:03.323734+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":"aeaad30f7fb8c83d8d8bdde1a2d84346eada0a9d","claim":"Teads Holding Co. announced a restructuring with charges of The Company announced a reduction in its global workforce of approximately 10% affecting global workforce (approximately 10%).","evidence_excerpt":"On May 31, 2023, Outbrain Inc. (the \"Company\") announced a reduction in its global workforce of approximately 10%, to adjust to the continued macroeconomic uncertainty, create additional operating efficiencies, and support the Company’s strategic growth and profitability objectives.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1454938/000145493823000066/0001454938-23-000066-index.htm","confidence":0.95,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"The Company announced a reduction in its global workforce of approximately 10%"},{"label":"Affected area","value":"global workforce"},{"label":"Headcount","value":"approximately 10%"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}