{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-095783","form_type":"8-K","ticker":"VELO","cik":"0001825079","company_name":"Velo3D, Inc.","filed_at":"2024-08-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.728969+00:00","generated_at":"2026-05-31T09:47:58.306680+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Velo3D cuts 30% of workforce (~63 employees) in restructuring; expects $1.1-1.7M in costs","bullets":["Reduction in force affects approximately 63 employees globally, about 30% of total workforce.","Estimated costs between $1.1M and $1.7M, primarily wages and benefits, paid in Q4 2024.","Layoff plan expected to be completed by end of October 2024.","Company cites streamlining operations and reducing costs."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-095783","json":"https://secwatch.observer/filing/0000950170-24-095783.json","markdown":"https://secwatch.observer/filing/0000950170-24-095783.md","text":"https://secwatch.observer/filing/0000950170-24-095783.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825079/000095017024095783/0000950170-24-095783-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825079/000095017024095783/vld-20240809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T09:47:58.306680+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":"669d73557c30a13e733fd1b1a795881b489093cf","claim":"Velo3D, Inc. announced a restructuring with charges of approximately $1.1 to 1.7 million (approximately 63 employees globally, representing approximately 30% of the Company's workforce).","evidence_excerpt":"On August 9, 2024, Velo3D, Inc. (the “Company”) announced a reduction in force plan to streamline its business operations, reduce costs and create further operating efficiencies, which is expected to affect approximately 63 employees globally, representing approximately 30% of the Company’s workforce. In connection with the reduction in force, the Company currently estimates it will incur approximately $1.1 to 1.7 million of costs, consisting primarily of personnel expenses such as wages and other benefits.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825079/000095017024095783/0000950170-24-095783-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $1.1 to 1.7 million"},{"label":"Headcount","value":"approximately 63 employees globally, representing approximately 30% of the Company's workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}