Cardlytics, Inc. (CDLX): restructuring charge — Cardlytics cuts ~120 employees (30% workforce) in cost-savings plan

Cardlytics, Inc.

Reducing workforce by ~120 employees and contractors (30% of total).
Expected severance charges of $2.3 million, mostly recognized in Q4 2025.
Annualized cash savings of at least $26 million from employee, third-party, real estate cuts.
Company reaffirms goal of positive adjusted EBITDA for FY2025 and FY2026.
CEO Amit Gupta says reduction necessary to protect long-term stability.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Cardlytics, Inc. announced a restructuring with charges of approximately $2.3 million (approximately 90 full-time employees).

Type: restructuring
Charge: approximately $2.3 million
Headcount: approximately 90 full-time employees

Exact text from the filing

On October 1, 2025, Cardlytics, Inc. (the “Company”) committed to a plan to reduce its workforce by approximately 90 full-time employees, representing approximately 24% of the Company’s current workforce (the “Plan”). The Plan is intended to optimize the Company’s cost structure and is part of a broader cost-reduction initiative that also includes measures beyond full-time employee reductions. The Company estimates that it will incur non-recurring charges of approximately $2.3 million in connection with the workforce reduction under the Plan, consisting of severance payments and related costs.

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Cardlytics, Inc. filing history →

Source: SEC EDGAR

accession 0001666071-25-000135

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