---
schema_version: "secwatch.filing_event.v1"
accession: "0001802457-23-000109"
form_type: "8-K"
ticker: "ORGN"
cik: "0001802457"
company_name: "Origin Materials, Inc."
filed_at: "2023-11-20T23:59:59+00:00"
generated_at: "2026-06-07T23:28:07.668322+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Origin Materials cuts 30% of workforce, records $2.7M restructuring charge to conserve cash

## Summary
- Workforce reduction of ~30% of global employees, largely completed by Nov 20, 2023.
- Expected restructuring charge of ~$2.7M: $0.5M cash severance, $2.2M non-cash equity acceleration.
- Company defers long-term research programs to accelerate higher-margin near-term revenue.
- Action aims to substantially extend cash resources for commercializing carbon-negative materials.

## SEC filing metadata
- accession: 0001802457-23-000109
- form_type: 8-K
- ticker: ORGN
- cik: 0001802457
- company_name: Origin Materials, Inc.
- filed_at: 2023-11-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1802457/000180245723000109/0001802457-23-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1802457/000180245723000109/orgn-20231117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001802457-23-000109
- JSON: https://secwatch.observer/filing/0001802457-23-000109.json
- Plain text: https://secwatch.observer/filing/0001802457-23-000109.txt

## Key facts
- Restructurings & Charges
  Origin Materials, Inc. announced a restructuring with charges of approximately $2.7 million affecting global employee headcount (approximately 30% of the Company’s global employee headcount).
  - Type: restructuring
  - Charge: approximately $2.7 million
  - Affected area: global employee headcount
  - Headcount: approximately 30% of the Company’s global employee headcount
  source text: on November 17, 2023, the Company affected an organizational realignment to reflect the deferral of research programs with longer-term economic impacts and the acceleration of higher-margin revenue opportunities, resulting in a workforce reduction. The workforce reduction efforts have impacted approximately 30% of the Company’s global employee headcount. The Company expects the reduction in workforce to be largely completed by November 20, 2023, subject to compliance with statutory notice periods, where applicable. The Company expects to record a restructuring charge related to the workforce reduction of approximately $2.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1802457/000180245723000109/0001802457-23-000109-index.htm

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