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  "documentTitle": "Sonder | Restructuring Presentation Deck | 10 slides",
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      "text": "Reach positive quarterly FCF within 2023",
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      "text": "A) Cut cash costs by approximately $85 million (vs. Q1 2022) on an annualized basis. B) Reduce planned signings pace and drive growth primarily by opening already contracted units. C) Improve growth quality by increasing our high threshold for incremental signings targeting 100% capital light. D) Focus on RevPAR initiatives to improve near term FCF.",
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      "text": "(1) 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 and approximately 20% of which are expected to be paid out in 2H 2022. (2) Capital light represents deals where the real estate partner covers the upfront pre-opening costs and capex of onboarding the unit.",
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