---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-029635"
form_type: "8-K/A"
ticker: "DNA"
cik: "0001830214"
company_name: "Ginkgo Bioworks Holdings, Inc."
filed_at: "2024-06-24T23:59:59+00:00"
generated_at: "2026-06-01T02:33:07.025559+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ginkgo Bioworks expands restructuring: at least 35% workforce reduction, $12M+ severance costs

## Summary
- Workforce reduction expanded from 25% labor expense cut to 35% headcount reduction; implementation began June 17, 2024.
- Expected cash costs of at least $12 million in severance and related separation costs for initial June reductions.
- Substantially completed in 2025, subject to local laws; total costs not yet estimated.
- Facility consolidation also planned as part of multi-year cost reduction plan.

## SEC filing metadata
- accession: 0001628280-24-029635
- form_type: 8-K/A
- ticker: DNA
- cik: 0001830214
- company_name: Ginkgo Bioworks Holdings, Inc.
- filed_at: 2024-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1830214/000162828024029635/0001628280-24-029635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1830214/000162828024029635/dna-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-029635
- JSON: https://secwatch.observer/filing/0001628280-24-029635.json
- Plain text: https://secwatch.observer/filing/0001628280-24-029635.txt

## Key facts
- Restructurings & Charges
  Ginkgo Bioworks Holdings, Inc. announced a restructuring with charges of at least $12 million affecting workforce (at least 35% of the workforce).
  - Type: restructuring
  - Charge: at least $12 million
  - Affected area: workforce
  - Headcount: at least 35% of the workforce
  source text: for completion of the restructuring plan is not yet fully known; however, the Company expects the initial headcount reductions in June 2024 will result in cash costs of at least $12 million in severance and related separation costs. The Company will provide further details at its earnings call for the second quarter of 2024 and its Quarterly Report on Form 10-Q for
  evidence_url: https://www.sec.gov/Archives/edgar/data/1830214/000162828024029635/0001628280-24-029635-index.htm

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