---
schema_version: "secwatch.filing_event.v1"
accession: "0001628945-23-000085"
form_type: "8-K"
ticker: null
cik: "0001628945"
company_name: "Cue Health Inc."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:33:43.743015+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cue Health to cut ~30% of workforce (326 employees) in cost reduction plan

## Summary
- Reduction of 326 employees (~30% of global workforce) under new cost reduction plan.
- Estimated restructuring charge of $5-7 million cash plus ~$0.3M non-cash for RSU acceleration.
- Layoffs expected to be completed by late June 2023 after 60-day WARN notice; cash payments by Q4 2023.
- CEO cites challenging macro environment and 'in-between period' between COVID product and expanded test menu.

## SEC filing metadata
- accession: 0001628945-23-000085
- form_type: 8-K
- cik: 0001628945
- company_name: Cue Health Inc.
- filed_at: 2023-04-28T23:59:59+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/1628945/000162894523000085/0001628945-23-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628945/000162894523000085/hlth-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628945-23-000085
- JSON: https://secwatch.observer/filing/0001628945-23-000085.json
- Plain text: https://secwatch.observer/filing/0001628945-23-000085.txt

## Key facts
- Restructurings & Charges
  Cue Health Inc. announced a restructuring with charges of in the range of approximately $5.0 million to $7.0 million (326 employees, which constitutes a reduction of approximately 30% in the Company’s global workforce).
  - Type: restructuring
  - Charge: in the range of approximately $5.0 million to $7.0 million
  - Headcount: 326 employees, which constitutes a reduction of approximately 30% in the Company’s global workforce
  source text: 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 $5.0 million to $7.0 million. The substantial majority of these charges will result in cash expenditures. Cash expenditures in connection with the CRP consist of payments for salary,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1628945/000162894523000085/0001628945-23-000085-index.htm

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