{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-114308","form_type":"8-K","ticker":"VELO","cik":"0001825079","company_name":"Velo3D, Inc.","filed_at":"2024-10-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.856910+00:00","generated_at":"2026-05-30T15:33:32.238223+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Velo3D cuts 46 employees (32% of workforce); expects $1.3-1.5M severance costs","bullets":["Reduction in force affects ~46 employees, representing 32% of global workforce, announced Oct 9, 2024.","Estimated exit costs of $1.3M to $1.5M for severance and benefits, mostly cash in Q4 2024.","Layoff expected to be completed by December 2024; aims to streamline operations and reduce costs."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-114308","json":"https://secwatch.observer/filing/0000950170-24-114308.json","markdown":"https://secwatch.observer/filing/0000950170-24-114308.md","text":"https://secwatch.observer/filing/0000950170-24-114308.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825079/000095017024114308/0000950170-24-114308-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825079/000095017024114308/vldx-20241009.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T15:33:32.238223+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":"07486f43ec6478cefa89c5d8ca2e0f38255f41fa","claim":"Velo3D, Inc. announced a restructuring with charges of approximately $1.3 to 1.5 million (approximately 46 employees).","evidence_excerpt":"On October 9, 2024, Velo3D, Inc. (the “Company”) commenced a reduction in force plan to streamline its business operations, reduce costs and create further operating efficiencies, which is expected to affect approximately 46 employees globally, representing approximately 32% of the Company’s workforce. In connection with the reduction in force, the Company currently estimates it will incur approximately $1.3 to 1.5 million of costs, consisting primarily of personnel expenses such as salaries and wages, one time severance payments, and other benefits.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825079/000095017024114308/0000950170-24-114308-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $1.3 to 1.5 million"},{"label":"Headcount","value":"approximately 46 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}