---
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"
generated_at: "2026-06-14T10:21:03.323734+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Outbrain reduces workforce by ~10%, expects $12M-$14M annual cost savings

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001454938-23-000066
- JSON: https://secwatch.observer/filing/0001454938-23-000066.json
- Plain text: https://secwatch.observer/filing/0001454938-23-000066.txt

## Key facts
- Restructurings & Charges
  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%).
  - Type: restructuring
  - Charge: The Company announced a reduction in its global workforce of approximately 10%
  - Affected area: global workforce
  - Headcount: approximately 10%
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1454938/000145493823000066/0001454938-23-000066-index.htm

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