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  "documentTitle": "Sonder | Restructuring Presentation Deck | 10 slides",
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  "presentationDate": "2022-06-01 00:00:00",
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  "notes": "The slide uses a simple additive framework to explain the composition of the total cost savings target.",
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      "text": "Annualized cash savings (vs. Q1 2022) 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",
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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.",
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      "text": "We plan to cut our cash costs by ~$85M on an annualized basis",
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