---
schema_version: "secwatch.filing_event.v1"
accession: "0001840856-23-000004"
form_type: "8-K"
ticker: "SOUN"
cik: "0001840856"
company_name: "SOUNDHOUND AI, INC."
filed_at: "2023-01-11T23:59:59+00:00"
generated_at: "2026-06-20T16:40:51.331917+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SoundHound AI announces restructuring plan cutting 40% of workforce

## Summary
- Reduces workforce by approximately 40% and cuts select office space.
- Estimates total charges of $4.5M–$5.5M, mainly severance and benefits.
- Expects $2M–$3M in cash expenditures; majority of charges in Q1 2023.
- Aims to cut costs, improve margins, and accelerate path to profitability.

## SEC filing metadata
- accession: 0001840856-23-000004
- form_type: 8-K
- ticker: SOUN
- cik: 0001840856
- company_name: SOUNDHOUND AI, INC.
- filed_at: 2023-01-11T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1840856/000184085623000004/0001840856-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1840856/000184085623000004/soun-20230105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001840856-23-000004
- JSON: https://secwatch.observer/filing/0001840856-23-000004.json
- Plain text: https://secwatch.observer/filing/0001840856-23-000004.txt

## Key facts
- Restructurings & Charges
  SOUNDHOUND AI, INC. announced a restructuring with charges of approximately $4.5 million to $5.5 million affecting the Company (approximately 40%).
  - Type: restructuring
  - Charge: approximately $4.5 million to $5.5 million
  - Affected area: the Company
  - Headcount: approximately 40%
  source text: are subject to local law and consultation requirements in certain countries, as well as the Company’s business needs. The Company estimates that it will incur approximately $4.5 million to $5.5 million in charges in connection with the Plan, of which the majority is expected to be incurred in the first quarter of 2023. These charges consist primarily of $4.4
  evidence_url: https://www.sec.gov/Archives/edgar/data/1840856/000184085623000004/0001840856-23-000004-index.htm

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