---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-001717"
form_type: "8-K"
ticker: "ENVB"
cik: "0000890821"
company_name: "Enveric Biosciences, Inc."
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:48:00.378230+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Enveric Biosciences cuts 50% of workforce (7 positions) to reduce costs

## Summary
- Approximately 7 positions eliminated, representing ~50% of global workforce, to streamline operations.
- Estimated severance and transition costs of ~$40,000, to be recognized in Q1 2024.
- RIF expected to be substantially complete by February 15, 2024.
- Company cites cost reduction and organizational streamlining as reasons for the action.

## SEC filing metadata
- accession: 0001493152-24-001717
- form_type: 8-K
- ticker: ENVB
- cik: 0000890821
- company_name: Enveric Biosciences, Inc.
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890821/000149315224001717/0001493152-24-001717-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890821/000149315224001717/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-001717
- JSON: https://secwatch.observer/filing/0001493152-24-001717.json
- Plain text: https://secwatch.observer/filing/0001493152-24-001717.txt

## Key facts
- Restructurings & Charges
  Enveric Biosciences, Inc. announced a restructuring with charges of approximately $40,000 (approximately seven positions, representing approximately 50% of the Company's global workforce).
  - Type: restructuring
  - Charge: approximately $40,000
  - Headcount: approximately seven positions, representing approximately 50% of the Company's global workforce
  source text: to decrease its costs and create a more streamlined organization to support its business. In connection with the RIF, the Company currently estimates it will incur approximately $40,000 of costs, consisting primarily of cash severance costs and transition support services for impacted employees, which the Company expects to recognize in the first quarter of 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/890821/000149315224001717/0001493152-24-001717-index.htm

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