---
schema_version: "secwatch.filing_event.v1"
accession: "0001819404-22-000096"
form_type: "8-K"
ticker: "NRDY"
cik: "0001819404"
company_name: "Nerdy Inc."
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:40:07.259509+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Nerdy cuts 17% of workforce; expects $1-2M restructuring charges in Q4 2022

## Summary
- Workforce reduction of approximately 17% of total workforce; primarily variable hourly roles.
- Estimated one-time charges of $1M-$2M in Q4 2022, mainly severance and benefits.
- Reduction supports goal of achieving adjusted EBITDA profitability by end of 2023.
- Company expects no negative impact on ability to grow revenue or innovate.
- Implementation substantially complete by end of Q4 2022.

## SEC filing metadata
- accession: 0001819404-22-000096
- form_type: 8-K
- ticker: NRDY
- cik: 0001819404
- company_name: Nerdy Inc.
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819404/000181940422000096/0001819404-22-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819404/000181940422000096/nrdy-20221208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819404-22-000096
- JSON: https://secwatch.observer/filing/0001819404-22-000096.json
- Plain text: https://secwatch.observer/filing/0001819404-22-000096.txt

## Key facts
- Restructurings & Charges
  Nerdy Inc. announced a restructuring with charges of $1 million to $2 million affecting Consumer and Institutional business categories (approximately 17% of the Company's total workforce).
  - Type: restructuring
  - Charge: $1 million to $2 million
  - Affected area: Consumer and Institutional business categories
  - Headcount: approximately 17% of the Company's total workforce
  source text: profitability by the end of 2023, as previously communicated. The Company currently estimates that it will incur one-time charges in the fourth quarter of 2022 of approximately $1 million to $2 million in connection with the workforce reductions, primarily for severance payments and related employee benefit costs. The Company expects that the implementation of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819404/000181940422000096/0001819404-22-000096-index.htm

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