secwatch.observer — SEC 8-K summary
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Issuer:     Cardlytics, Inc. (CDLX)
CIK:        0001666071
Form:       8-K
Filed at:   2025-10-02T23:59:59+00:00
Accession:  0001666071-25-000135
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardlytics cuts ~120 employees (30% workforce) in cost-savings plan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666071/000166607125000135/0001666071-25-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666071/000166607125000135/cdlx-20251001.htm
  HTML page:      https://secwatch.observer/filing/0001666071-25-000135

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer