{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-008999","form_type":"8-K","ticker":null,"cik":"0001353283","company_name":"SPLUNK INC","filed_at":"2023-02-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.584680+00:00","generated_at":"2026-06-20T03:34:28.326750+00:00","sec_items":["2.05","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Splunk announces 4% workforce reduction, expects ~$28M in charges","bullets":["Approximately 4% of global workforce (~325 employees) impacted, mostly in North America.","Estimated total charges of ~$28 million for severance, employee benefits, and retention payments.","Substantially all charges and cash expenditures expected to be incurred in Q1 of fiscal year 2024.","CEO Gary Steele cites need to balance growth with profitability and optimize cost structure.","Company will continue selective hiring in lower-cost regions as part of global talent strategy."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-008999","json":"https://secwatch.observer/filing/0001104659-23-008999.json","markdown":"https://secwatch.observer/filing/0001104659-23-008999.md","text":"https://secwatch.observer/filing/0001104659-23-008999.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1353283/000110465923008999/0001104659-23-008999-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1353283/000110465923008999/tm235121d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T03:34:28.326750+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":"691613b6de15d4d2fc1d5b1beb7fb2013651a0e0","claim":"SPLUNK INC announced a restructuring with charges of approximately $28 million in charges and future cash expenditures in connection with the Plan, consisting primarily of cash expenditures related to severance pa affecting North America (approximately 4 percent of the Company’s global workforce, mostly in North America).","evidence_excerpt":"On February 1, 2023, Splunk Inc. (the “Company”) announced a plan of reorganization (the “Plan”) involving approximately 4 percent of the Company’s global workforce, mostly in North America. This decision is another step in a broader set of proactive organizational and strategic changes that include optimizing the Company’s processes, cost structure and how the Company operates globally to ensure the Company continues to balance growth with profitability through these uncertain times and drive success over the long term. The Company estimates that it will incur approximately $28 million in charges and future cash expenditures in connection with the Plan, consisting primarily of cash expenditures related to severance payments, certain retention payments (for roles being moved to lower cost regions), employee benefits and employee transition costs, as well as non-cash charges for share-based compensation expense.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1353283/000110465923008999/0001104659-23-008999-index.htm","confidence":0.95,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $28 million in charges and future cash expenditures in connection with the Plan, consisting primarily of cash expenditures related to severance pa"},{"label":"Affected area","value":"North America"},{"label":"Headcount","value":"approximately 4 percent of the Company’s global workforce, mostly in North America"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}