---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039127"
form_type: "8-K"
ticker: "MSGM"
cik: "0001821175"
company_name: "Motorsport Games Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:51:56.712119+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games cuts ~40% of workforce (~38 employees) in Australia and UK

## Summary
- Restructuring charge estimated $0.4M-$0.5M, mostly in Q4 2023.
- Reduction primarily affects Australia and UK operations; 38 employees impacted.
- Company cites need to reduce year-over-year operating expenses.
- Cash payments expected to be substantially complete by end of Q4 2023.
- Subject to legal requirements in Australia and UK, may extend beyond Q4.

## SEC filing metadata
- accession: 0001493152-23-039127
- form_type: 8-K
- ticker: MSGM
- cik: 0001821175
- company_name: Motorsport Games Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821175/000149315223039127/0001493152-23-039127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821175/000149315223039127/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039127
- JSON: https://secwatch.observer/filing/0001493152-23-039127.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039127.txt

## Key facts
- Restructurings & Charges
  Motorsport Games Inc. announced a restructuring with charges of $0.4 to $0.5 million affecting Australia and the United Kingdom (approximately 38 employees).
  - Type: restructuring
  - Charge: $0.4 to $0.5 million
  - Affected area: Australia and the United Kingdom
  - Headcount: approximately 38 employees
  source text: on October 29, 2023, the Company determined to implement additional measures to continue to bring down its year-over-year operating expense through a reduction of the Company’s workforce primarily in Australia and the United Kingdom by approximately 38 employees. The workforce reduction is expected to impact approximately 40% of the Company’s employees worldwide. The Company expects to record a restructuring charge related to the workforce reduction, primarily consisting of severance and redundancy costs, in a preliminary estimated range of $0.4 to $0.5 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315223039127/0001493152-23-039127-index.htm

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