Funko, Inc. is cutting 12-13% of its workforce, around 180 to 200 employees, the company said in an SEC filing.  The move is being made as one part of Funko’s efforts "to re-balance its cost structure into prioritized areas," the filing said.  The company anticipates savings of $20 to $22 million per year from the cuts, which will cost $2.4 to $2.8 million in severance and related costs.

The layoffs are the first visible change since Brian Mariotti left and was replaced as CEO by Michael Lunsford earlier this month (see "Funko CEO Out").  Funko lost $61.1 million in its first quarter.