---
schema_version: "secwatch.filing_event.v1"
accession: "0001538716-24-000063"
form_type: "8-K"
ticker: "OPRT"
cik: "0001538716"
company_name: "Oportun Financial Corp"
filed_at: "2024-05-22T23:59:59+00:00"
generated_at: "2026-06-01T09:43:56.050497+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Oportun cuts 100 jobs (12% corp staff) targeting $97.5M Q4 2024 expense run rate

## Summary
- Headcount reduction of 100 employees, ~12% of corporate staff, excluding retail and contact center agents.
- Additional cost cuts on external contractors and vendors; targets $97.5M operating expense run rate by Q4 2024.
- Pre-tax charges of $2M to $4M expected in Q2 2024, mainly severance and benefits.
- Company previously announced plan to reduce annual operating expenses by $30M on March 12, 2024.
- Charges will be excluded from non-GAAP financial measures; actual results may differ.

## SEC filing metadata
- accession: 0001538716-24-000063
- form_type: 8-K
- ticker: OPRT
- cik: 0001538716
- company_name: Oportun Financial Corp
- filed_at: 2024-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000063/0001538716-24-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000063/oprt-20240522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001538716-24-000063
- JSON: https://secwatch.observer/filing/0001538716-24-000063.json
- Plain text: https://secwatch.observer/filing/0001538716-24-000063.txt

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