Sonder Restructuring Presentation Deck
We plan to cut our cash costs by ~$85M on an annualized basis
$55 million
Annualized cash savings
(vs. Q1 2022)¹ driven by overhead
and direct cost reductions
Recent restructuring resulting in
an approximately 21% reduction of
existing corporate roles and a 7%
reduction of existing frontline roles
+
$30 million
Annualized cash savings
(vs. Q1 2022) driven by reduction
of pre-opening costs and net
capex associated with
incremental units going live
Sonder Represents difference between Q1 2022 on an annualized basis compared to 2H 2022 on an annualized basis. Excludes one-time restructuring costs. We expect to incur $3.5 million to $5.5 million in one-time restructuring costs,
approximately 80% of which are expected to be paid out in Q2 2022 approximately 20% of which are expected to be paid out in 2H 2022.
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