{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-039265","form_type":"8-K","ticker":"SKIN","cik":"0001818093","company_name":"SkinHealth Systems Inc.","filed_at":"2023-11-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.645251+00:00","generated_at":"2026-06-08T01:22:46.271596+00:00","sec_items":["2.05"],"event_type":"other","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Beauty Health cuts 10% of workforce (95 employees); expects $5.1M Q4 charge","bullets":["Workforce reduction of 95 employees (63 US, 32 international), reducing headcount to 893.","Estimated Q4 2023 charges of $5.1 million for notice pay, severance, and related costs.","Expects annualized savings of ~$17M from workforce reduction and ≥$3M from non-headcount cuts.","Phase 1 of cost savings plan expected to be substantially complete by March 31, 2024.","Cash and equivalents of $559.4M at Sept 30, 2023; company believes sufficient for 12+ months."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-039265","json":"https://secwatch.observer/filing/0001628280-23-039265.json","markdown":"https://secwatch.observer/filing/0001628280-23-039265.md","text":"https://secwatch.observer/filing/0001628280-23-039265.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818093/000162828023039265/0001628280-23-039265-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818093/000162828023039265/skin-20231114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T01:22:46.271596+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f6efd3766ca4d9299f237a73e61ada70e846e8a7","claim":"SkinHealth Systems Inc. announced a restructuring with charges of approximately $5.1 million (reduce its current global workforce by 10%, including 95 employees).","evidence_excerpt":"of claims against the Company. In connection with this workforce reduction, the Company estimates that it will incur charges in the fourth quarter of 2023 of approximately $5.1 million related to notice pay, cash severance payments, and other employee-related separation costs. The Company expects that the majority of these charges will be incurred in the fourth","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818093/000162828023039265/0001628280-23-039265-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $5.1 million"},{"label":"Headcount","value":"reduce its current global workforce by 10%, including 95 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}