secwatch.observer — SEC 8-K summary
======================================

Issuer:     Viant Technology Inc. (DSP)
CIK:        0001828791
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001564590-22-039205
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.05, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Viant Technology cuts 13% of workforce (46 jobs); expects $1.2M restructuring charge in Q4 2022
--------------------------------------------------------------------------------

- Workforce reduced by 46 employees (~13% of total); non-recurring charges ~$1.2M for severance, benefits, and related costs.
- Reduction expected to be substantially completed within 60 days; all charges to be incurred in Q4 2022.
- Reaffirms Q4 2022 guidance: revenue $52M-$57M, Adjusted EBITDA -$1.5M to $1.0M (as of Dec 9, 2022).
- Decision driven by cost-reduction initiatives to lower operating expenses and focus on key growth priorities amid adverse macro environment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828791/000156459022039205/0001564590-22-039205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828791/000156459022039205/dsp-8k_20221209.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-039205

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer