---
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"
generated_at: "2026-06-08T01:22:46.271596+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Beauty Health cuts 10% of workforce (95 employees); expects $5.1M Q4 charge

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-039265
- JSON: https://secwatch.observer/filing/0001628280-23-039265.json
- Plain text: https://secwatch.observer/filing/0001628280-23-039265.txt

## Key facts
- Restructurings & Charges
  SkinHealth Systems Inc. announced a restructuring with charges of approximately $5.1 million (reduce its current global workforce by 10%, including 95 employees).
  - Type: restructuring
  - Charge: approximately $5.1 million
  - Headcount: reduce its current global workforce by 10%, including 95 employees
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1818093/000162828023039265/0001628280-23-039265-index.htm

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