---
schema_version: "secwatch.filing_event.v1"
accession: "0001628945-23-000002"
form_type: "8-K"
ticker: null
cik: "0001628945"
company_name: "Cue Health Inc."
filed_at: "2023-01-05T23:59:59+00:00"
generated_at: "2026-06-20T19:39:31.965109+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cue Health reduces workforce by 26% (388 employees) in cost reduction plan

## Summary
- Workforce reduction of 388 employees (~26% of global staff) announced Jan 5, 2023.
- Estimated cash restructuring charges of $6.0M to $8.0M; non-cash equity charges ~$0.2M.
- CEO Ayub Khattak cites pandemic demand decline and uncertain regulatory timelines for new products.
- Pipeline progress noted: Flu+COVID test, RSV, strep, chlamydia/gonorrhea, Mpox submissions underway.
- Severance includes min 9 weeks pay, PTO payout, healthcare through March 2023, partial equity acceleration.

## SEC filing metadata
- accession: 0001628945-23-000002
- form_type: 8-K
- cik: 0001628945
- company_name: Cue Health Inc.
- filed_at: 2023-01-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628945/000162894523000002/0001628945-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628945/000162894523000002/hlth-20230105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628945-23-000002
- JSON: https://secwatch.observer/filing/0001628945-23-000002.json
- Plain text: https://secwatch.observer/filing/0001628945-23-000002.txt

## Key facts
- Restructurings & Charges
  Cue Health Inc. announced a restructuring with charges of approximately $6.0 million to $8.0 million (388 employees, which constitutes a reduction of approximately 26% in the Company’s global workforce).
  - Type: restructuring
  - Charge: approximately $6.0 million to $8.0 million
  - Headcount: 388 employees, which constitutes a reduction of approximately 26% in the Company’s global workforce
  source text: The CRP will include a reduction in the Company’s employee base by 388 employees, which constitutes a reduction of approximately 26% in the Company’s global workforce. In connection with the CRP, the Company estimates that it will record an aggregate restructuring charge related to one-time termination benefits in the range of approximately $6.0 million to $8.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000162894523000002/0001628945-23-000002-index.htm

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