{"schema_version":"secwatch.filing_event.v1","accession":"0001823878-23-000010","form_type":"8-K","ticker":"MYPS","cik":"0001823878","company_name":"PLAYSTUDIOS, Inc.","filed_at":"2023-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.826399+00:00","generated_at":"2026-06-18T13:27:59.550651+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PLAYSTUDIOS cuts 14% of workforce (120 employees) in reorganization; expects $4.5M-$5.5M charges","bullets":["Workforce reduction of ~14% (120 employees) initiated Feb 28, 2023; expected completion by Q2 2023.","Estimated charges of $4.5M-$5.5M for severance, benefits, stock comp, lease termination.","Reorganization shifts game management to Israel, R&D to Eastern Europe/Asia/Latin America, loyalty in Las Vegas.","Reductions in Hong Kong and Austin studios; Brainium and Singapore teams remain.","CEO Andrew Pascal sent employee email detailing changes; town halls planned."],"urls":{"canonical":"https://secwatch.observer/filing/0001823878-23-000010","json":"https://secwatch.observer/filing/0001823878-23-000010.json","markdown":"https://secwatch.observer/filing/0001823878-23-000010.md","text":"https://secwatch.observer/filing/0001823878-23-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1823878/000182387823000010/0001823878-23-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1823878/000182387823000010/myps-20230228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T13:27:59.550651+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ea45bcda4d2c6b634ef69062ad107f02c7754823","claim":"PLAYSTUDIOS, Inc. announced a restructuring with charges of The Plan includes a reduction of the Company’s current total global workforce by approximately 14 percent. The Company expects to substantially complete the per affecting global workforce (approximately 14 percent).","evidence_excerpt":"On February 28, 2023, PLAYSTUDIOS, Inc. (the “Company”) initiated an internal reorganization plan (the “Plan”) which is intended to enhance efficiency and reduce operating expenses. The Plan includes a reduction of the Company’s current total global workforce by approximately 14 percent. The Company expects to substantially complete the personnel reduction by the end of the second quarter of fiscal year 2023, but the timing of certain reductions will vary based on job function and location, including local legal requirements. The Company estimates that it will incur approximately $4.5 million to $5.5 million in charges in connection with the Plan, which will be substantially incurred in the first and second quarters of fiscal year 2023.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823878/000182387823000010/0001823878-23-000010-index.htm","confidence":0.95,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"The Plan includes a reduction of the Company’s current total global workforce by approximately 14 percent. The Company expects to substantially complete the per"},{"label":"Affected area","value":"global workforce"},{"label":"Headcount","value":"approximately 14 percent"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}