secwatch / observer
8-K filed July 30, 2024, 7:59 PM ET ticker NRDS CIK 0001625278
other material confidence high sentiment negative materiality 0.70

NERDWALLET, INC. (NRDS): restructuring charge — NerdWallet to cut ~15% of workforce; expects $8-10M restructuring charge

NERDWALLET, INC.

item 2.05item 7.01item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

NERDWALLET, INC. announced a restructuring with charges of $8 million to $10 million (approximately 15% of its full-time employees).

Type
restructuring
Charge
$8 million to $10 million
Headcount
approximately 15% of its full-time employees
Exact text from the filing
On July 30, 2024, NerdWallet, Inc. (“NerdWallet” or the “Company”) committed to a restructuring plan, effective August 1, 2024, intended to reduce the Company’s operating expenses and better position the Company to execute its long-term strategic initiatives (the “Plan”). The Plan will reduce the size of the Company’s workforce by approximately 15% of its full-time employees as compared to its headcount as of December 31, 2023. The Company expects to incur a total estimated pre-tax restructuring charge of approximately $8 million to $10 million in connection with the Plan.
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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

NERDWALLET, INC. filing history →

Source: SEC EDGAR
accession 0001625278-24-000130
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