{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-003076","form_type":"8-K","ticker":"BFLY","cik":"0001804176","company_name":"Butterfly Network, Inc.","filed_at":"2023-01-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.648494+00:00","generated_at":"2026-06-20T16:37:28.569919+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Butterfly Network to cut ~25% of workforce, expects $5-6M severance charges","bullets":["Board approved plan on Jan 4, 2023 to reduce operating expenses and extend liquidity.","Workforce reduction of approximately 25% across the company.","Estimated cash charges of $5M to $6M for employee severance and benefits.","Substantially all charges expected in Q1 and Q2 of 2023.","Additional costs not currently contemplated may arise from the reduction."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-003076","json":"https://secwatch.observer/filing/0001104659-23-003076.json","markdown":"https://secwatch.observer/filing/0001104659-23-003076.md","text":"https://secwatch.observer/filing/0001104659-23-003076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1804176/000110465923003076/0001104659-23-003076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1804176/000110465923003076/tm233110d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T16:37:28.569919+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":"02042750bc7a85c7d994904c48f22c6714532bc0","claim":"Butterfly Network, Inc. announced a restructuring with charges of approximately $5 million to $6 million (approximately 25% of the Company’s workforce).","evidence_excerpt":"In addition to decreasing other operating expenses, the plan includes a reduction in force representing approximately 25% of the Company’s workforce. The Company estimates that it will incur between approximately $5 million to $6 million of cash charges related to employee severance and benefits costs, substantially all of which the Company expects to incur in the first and second quarters of 2023.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1804176/000110465923003076/0001104659-23-003076-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $5 million to $6 million"},{"label":"Headcount","value":"approximately 25% 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"}