---
schema_version: "secwatch.filing_event.v1"
accession: "0001625278-24-000130"
form_type: "8-K"
ticker: "NRDS"
cik: "0001625278"
company_name: "NERDWALLET, INC."
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:19:06.551847+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NerdWallet to cut ~15% of workforce; expects $8-10M restructuring charge

## Summary
- Workforce reduction of ~15% of full-time employees vs Dec 31, 2023 headcount.
- Estimated pre-tax restructuring charges of $8-10 million, mostly in Q3 2024.
- Charges primarily for severance, employee benefits, and related expenses.
- Plan committed on July 30, 2024; most cuts expected by end of Q3 2024.
- CEO Tim Chen says decision is part of effort to improve long-term strategic focus.

## SEC filing metadata
- accession: 0001625278-24-000130
- form_type: 8-K
- ticker: NRDS
- cik: 0001625278
- company_name: NERDWALLET, INC.
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1625278/000162527824000130/0001625278-24-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1625278/000162527824000130/nrds-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001625278-24-000130
- JSON: https://secwatch.observer/filing/0001625278-24-000130.json
- Plain text: https://secwatch.observer/filing/0001625278-24-000130.txt

## Key facts
- Restructurings & Charges
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1625278/000162527824000130/0001625278-24-000130-index.htm

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