{"schema_version":"secwatch.filing_event.v1","accession":"0000039911-23-000026","form_type":"8-K","ticker":"GAP","cik":"0000039911","company_name":"GAP INC","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.840779+00:00","generated_at":"2026-06-16T09:44:17.195656+00:00","sec_items":["2.05","7.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Gap announces restructuring plan to cut 1,800 jobs with $100-120M costs, $300M annual savings","bullets":["Workforce reduction of ~1,800 employees, primarily headquarters and upper field staff.","Estimated pre-tax costs: $100M-$120M (employee-related $75-$85M, consulting/other $25-$35M).","Annualized pre-tax savings expected ~$300M; ~$150M in 2023.","Actions expected substantially complete by end of H1 fiscal 2023.","Company previously flagged these actions in March 9, 2023 press release."],"urls":{"canonical":"https://secwatch.observer/filing/0000039911-23-000026","json":"https://secwatch.observer/filing/0000039911-23-000026.json","markdown":"https://secwatch.observer/filing/0000039911-23-000026.md","text":"https://secwatch.observer/filing/0000039911-23-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39911/000003991123000026/0000039911-23-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39911/000003991123000026/gps-20230425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T09:44:17.195656+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"93270625d6846c4bcddb31ae64b875f8d6f2f453","claim":"GAP INC announced a restructuring with charges of approximately $100 million to $120 million (approximately 1,800 employees).","evidence_excerpt":"that includes a reduction of the Company's headquarters and upper field workforce by approximately 1,800 employees. The Company estimates that it will incur approximately $100 million to $120 million in aggregate pre-tax costs in connection with the Plan, which consists of approximately $75 million to $85 million in employee-related costs and $25 million to","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/39911/000003991123000026/0000039911-23-000026-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $100 million to $120 million"},{"label":"Headcount","value":"approximately 1,800 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}