{
  "docId": "019de073-92f8-716d-b7a5-02aa77e9bb87",
  "docSlug": "e78f2c62def40525d3a34cc19a16e765",
  "documentTitle": "Rent The Runway | Results Presentation Deck | 28 slides",
  "authorId": "rent-the-runway",
  "authorName": "Rent The Runway",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2022-09-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 8,
  "pageCount": 28,
  "prevPage": 7,
  "nextPage": 9,
  "slideType": "propose_solution",
  "function": "plan_implementation",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": "Slide details the rationale, execution timeline, and financial outcomes of a 2022 restructuring initiative.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de073-92f8-716d-b7a5-02aa77e9bb87/8",
  "deckHref": "/decks/019de073-92f8-716d-b7a5-02aa77e9bb87",
  "deckJsonHref": "/decks/019de073-92f8-716d-b7a5-02aa77e9bb87.json",
  "deckAnchorHref": "/decks/019de073-92f8-716d-b7a5-02aa77e9bb87#slide-8",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.9,
        "x": 0.05,
        "y": 0.34
      },
      "kind": "list",
      "text": "Total workforce reductions of approximately 24% (primarily a reduction in force, with some open role closures/reduced backfills), reorganizing certain functions and reallocating resources\nEstimated total cash charges for employee severance and related costs of approximately $2.5 million, recognized primarily in Q3'22\nRestructuring plan expected to be substantially completed by the end of the Q4'22",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "41ee350c-0ea7-4131-ae08-1358a26f026b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.9,
        "x": 0.05,
        "y": 0.71
      },
      "kind": "list",
      "text": "Annual operating expense savings of $25-27 million expected in fiscal 2023 relative to Q2'22 run rate\n~$20M related to headcount reductions, and $5-7M related to tech & G&A expense\nHeadcount reduction is expected to be largely complete by Q3'22\nExpected to positively impact Adjusted EBITDA in Q4'22 by approximately $4-5 million relative to Q2'22 run rate",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8e58a9a2-ccaa-4cb7-8709-21d3aacc7990",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.13
      },
      "kind": "list",
      "text": "On September 12, 2022, the Company announced a restructuring plan to reduce costs, streamline its organizational structure and drive operational efficiencies",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c4d69dee-2016-44b2-bd47-b1d6690e90f9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.3,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "Restructuring plan",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "13a8a3ef-1548-46ce-b10b-5ad8b18abb88",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.1,
        "x": 0.05,
        "y": 0.66
      },
      "kind": "title",
      "text": "IMPACT",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "209afda7-5ef3-44cd-b6d5-be1356c52670",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.1,
        "x": 0.05,
        "y": 0.29
      },
      "kind": "title",
      "text": "DETAILS",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8af28733-e07c-43d2-a90e-35589fb4327b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 8,
      "from": 6,
      "beatId": "bd4be846-067b-49f3-8eb6-61a273148d46",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Need",
      "beatSlug": "monroes-sequence-need",
      "evidence": "The document highlights the challenges faced by the company and the need for restructuring",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 13,
      "from": 3,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "4dcd58d8-1fa9-43e6-998c-b41685567a82",
      "evidence": "The document presents a clear logic chain of revenue growth and path to profitability",
      "position": 1,
      "objective": "Logic chain of revenue growth and path to profitability",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.7,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}