{"schema_version":"secwatch.filing_event.v1","accession":"0001075531-24-000051","form_type":"8-K/A","ticker":"BKNG","cik":"0001075531","company_name":"Booking Holdings Inc.","filed_at":"2024-12-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.589889+00:00","generated_at":"2026-05-29T05:00:44.806531+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Booking Holdings plans $400-450M annual cost savings via restructuring, workforce cuts","bullets":["Annual run-rate expense reduction target of $400-450M vs. 2024 base over three years.","Approximately one-third of savings from workforce reductions; balance from process/system changes, procurement, real estate.","Majority of savings expected after 2025; restructuring costs estimated at ~1x annual savings ($400-450M).","Costs incurred over 2-3 years for workforce reductions, technology investments, professional fees.","Program subject to works council consultations and legal requirements; details not final."],"urls":{"canonical":"https://secwatch.observer/filing/0001075531-24-000051","json":"https://secwatch.observer/filing/0001075531-24-000051.json","markdown":"https://secwatch.observer/filing/0001075531-24-000051.md","text":"https://secwatch.observer/filing/0001075531-24-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1075531/000107553124000051/0001075531-24-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1075531/000107553124000051/bkng-20241108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T05:00:44.806531+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":"330660db32b8b0bbf2fa2b00515f0d001986877a","claim":"Booking Holdings Inc. announced a restructuring with charges of approximately one times the expected annual run rate saving (approximately one-third from expected workforce reductions).","evidence_excerpt":"On November 8, 2024, the Company announced its intention to implement certain organizational changes that are expected to improve operating expense efficiency, increase organizational agility, free up resources that can be reinvested into further improving its offering to travelers and partners, and better position the Company for the long term (the “Program”).","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1075531/000107553124000051/0001075531-24-000051-index.htm","confidence":0.4,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately one times the expected annual run rate saving"},{"label":"Headcount","value":"approximately one-third from expected workforce reductions"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}