---
schema_version: "secwatch.filing_event.v1"
accession: "0001468666-23-000028"
form_type: "8-K"
ticker: null
cik: "0001468666"
company_name: "SecureWorks Corp"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T10:44:08.513938+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SecureWorks cuts workforce ~15%, expects ~$14.2M restructuring charges

## Summary
- Workforce reduction of approximately 15% across the company, announced August 14, 2023.
- Estimated restructuring costs up to ~$14.2 million, primarily severance and real estate expenses, expected in Q2 FY2024.
- Plan refocuses on higher-margin Taegis solutions, which represented 86% of total ARR at Q1 end.
- Goal to achieve near break-even Adjusted EBITDA by Q4 FY2024.
- CEO Wendy Thomas cites need to simplify structure and deliver profitable growth.

## SEC filing metadata
- accession: 0001468666-23-000028
- form_type: 8-K
- cik: 0001468666
- company_name: SecureWorks Corp
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1468666/000146866623000028/0001468666-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1468666/000146866623000028/scwx-20230804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001468666-23-000028
- JSON: https://secwatch.observer/filing/0001468666-23-000028.json
- Plain text: https://secwatch.observer/filing/0001468666-23-000028.txt

## Key facts
- Restructurings & Charges
  SecureWorks Corp announced a restructuring with charges of up to approximately $14.2 million affecting workforce and real estate (approximately 15%).
  - Type: restructuring
  - Charge: up to approximately $14.2 million
  - Affected area: workforce and real estate
  - Headcount: approximately 15%
  source text: for continued growth with improving operating margins over time. In connection with the Plan, the Company currently estimates that it will incur expenses up to approximately $14.2 million, the substantial majority of which are expected to result in future cash expenditures. These expenses are anticipated to consist primarily of severance and other termination
  evidence_url: https://www.sec.gov/Archives/edgar/data/1468666/000146866623000028/0001468666-23-000028-index.htm

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