---
schema_version: "secwatch.filing_event.v1"
accession: "0001868778-23-000003"
form_type: "8-K"
ticker: null
cik: "0001868778"
company_name: "Informatica Inc."
filed_at: "2023-01-10T23:59:59+00:00"
generated_at: "2026-06-20T17:17:25.094218+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Informatica cuts 7% workforce (450 jobs), appoints Michael McLaughlin as CFO

## Summary
- Workforce reduction of ~450 employees (~7% of global workforce); expects $25-35M in non-recurring charges in Q1 2023.
- Michael McLaughlin named EVP & CFO effective Jan 16, 2023; replaces Eric Brown, who becomes consultant through March 31, 2023.
- New CFO receives $550K base salary, $1M signing bonus, $12M RSU award (60% time-based, 40% performance-based).
- Reaffirms Q4 2022 guidance: GAAP revenue $398-408M; Cloud ARR $425-431M; Non-GAAP op income $93-103M.
- Reaffirms FY 2022 guidance: total revenue $1,505-1,515M; unlevered free cash flow $290-310M.

## SEC filing metadata
- accession: 0001868778-23-000003
- form_type: 8-K
- cik: 0001868778
- company_name: Informatica Inc.
- filed_at: 2023-01-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/0001868778-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/infa-20230109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001868778-23-000003
- JSON: https://secwatch.observer/filing/0001868778-23-000003.json
- Plain text: https://secwatch.observer/filing/0001868778-23-000003.txt

## Key facts
- Executive change
  Michael McLaughlin was appointed as EVP Global Finance and Chief Financial Officer at Informatica Inc..
  - Action: appointed
  - Role: EVP Global Finance and Chief Financial Officer
  source text: appointed Michael McLaughlin as EVP Global Finance and Chief Financial Officer (“CFO”) of the Company effective January 16, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/0001868778-23-000003-index.htm
- Executive change
  Eric Brown departed as Chief Financial Officer at Informatica Inc..
  - Action: step down
  - Role: Chief Financial Officer
  source text: Mr. McLaughlin will succeed Eric Brown, who will step down as CFO and cease to be an employee of the Company effective January 13, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/0001868778-23-000003-index.htm
- Restructurings & Charges
  Informatica Inc. announced a restructuring with charges of $25 million to $35 million (approximately 450 employees).
  - Type: restructuring
  - Charge: $25 million to $35 million
  - Headcount: approximately 450 employees
  source text: On January 10, 2023, Informatica Inc. (the “Company”) announced a plan to reduce its workforce by approximately 450 employees, representing approximately 7% of the Company’s current global workforce (the “Plan”). The Plan is intended to better align the Company’s global workforce and cost base with its cloud-focused strategic priorities and current business needs. The Company estimates that it will incur non-recurring charges of approximately $25 million to $35 million in connection with the Plan, primarily related to cash expenditures for employee transition, notice period and severance payments, and employee benefits.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868778/000186877823000003/0001868778-23-000003-index.htm

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