---
schema_version: "secwatch.filing_event.v1"
accession: "0001819113-24-000004"
form_type: "8-K"
ticker: null
cik: "0001819113"
company_name: "Science 37 Holdings, Inc."
filed_at: "2024-02-09T23:59:59+00:00"
generated_at: "2026-06-06T04:57:02.377724+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Science 37 cuts 73 jobs (23.2% of workforce) in cost reduction program

## Summary
- Reduction in force of 73 employees, ~23.2% of total workforce, approved Feb 7, 2024.
- Expected annual gross cash savings of $12-13M; cash charges of $1-1.3M mainly severance.
- Charges expected in Q1 2024; program completion by end of Q1 2024.
- Company is also under agreement to be acquired by eMed, LLC for $5.75 per share (pending tender offer).

## SEC filing metadata
- accession: 0001819113-24-000004
- form_type: 8-K
- cik: 0001819113
- company_name: Science 37 Holdings, Inc.
- filed_at: 2024-02-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819113/000181911324000004/0001819113-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819113/000181911324000004/snce-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819113-24-000004
- JSON: https://secwatch.observer/filing/0001819113-24-000004.json
- Plain text: https://secwatch.observer/filing/0001819113-24-000004.txt

## Key facts
- Restructurings & Charges
  Science 37 Holdings, Inc. announced a restructuring with charges of between $1.0 million and $1.3 million (approximately 73 employees (representing approximately 23.2% of total employees prior to these actions)).
  - Type: restructuring
  - Charge: between $1.0 million and $1.3 million
  - Headcount: approximately 73 employees (representing approximately 23.2% of total employees prior to these actions)
  source text: program will generate annual gross cash savings between $12.0 million to $13.0 million. Total cash expenditures for the cost reduction program are estimated to be between $1.0 million and $1.3 million, substantially all of which are expected to be related to employee severance costs. The Company expects to recognize most of these pre-tax reduction in force
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819113/000181911324000004/0001819113-24-000004-index.htm

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