Traeger, Inc. (COOK): restructuring charge — Traeger approves reduction in force, revises Project Gravity charges to $25M-$31M, annual savings ~$58M

Traeger, Inc.

Board approved reduction in force on Dec 4, 2025, adding ~$8M in annualized pre-tax cost savings.
Total pre-tax charges revised to $25M-$31M, mostly cash, including $9M-$10M severance and $16M-$21M professional fees.
Project Gravity now expected to deliver ~$58M annualized savings: $30M from Phase 1, $28M from Phase 2.
Substantial completion by end of 2026; majority of charges expected by end of 2025.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.92

Traeger, Inc. announced a restructuring with charges of between approximately $25.0 million and $31.0 million affecting Company-wide (Project Gravity Phase 2) (a reduction in force to align workforce size with the Company’s current operational scale).

Type: restructuring
Charge: between approximately $25.0 million and $31.0 million
Affected area: Company-wide (Project Gravity Phase 2)
Headcount: a reduction in force to align workforce size with the Company’s current operational scale

Exact text from the filing

charges. The Company now anticipates incurring total pre-tax charges related to currently known and reasonably estimable actions of Project Gravity of between approximately $25.0 million and $31.0 million (the “Total Costs”), which primarily consist of cash expenditures. Of the Total Costs, the Company expects pre-tax charges of between approximately $16.0

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Traeger, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-055406

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