{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-113185","form_type":"8-K","ticker":null,"cik":"0001353283","company_name":"SPLUNK INC","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.730179+00:00","generated_at":"2026-06-09T02:08:16.770134+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Splunk to cut ~7% of workforce; expects $42M in charges, mostly severance","bullets":["Workforce reduction of ~7% globally, primarily in U.S.; impacts all regions.","Estimated $42M total charges: $37M cash (severance, benefits, transition) and $5M non-cash share-based comp.","Actions expected substantially complete by April 30, 2024, subject to local law and consultation requirements.","CEO Gary Steele says move not related to Cisco acquisition; cites macro uncertainty and need for efficiency.","Separated employees will receive severance package, healthcare coverage, and job placement resources."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-113185","json":"https://secwatch.observer/filing/0001104659-23-113185.json","markdown":"https://secwatch.observer/filing/0001104659-23-113185.md","text":"https://secwatch.observer/filing/0001104659-23-113185.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1353283/000110465923113185/0001104659-23-113185-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1353283/000110465923113185/tm2329467d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T02:08:16.770134+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":"4c8deacf38f642cdbacdfccc71a35bb3a7d223f4","claim":"SPLUNK INC announced a restructuring with charges of approximately $42 million affecting global workforce, mostly in the U.S. (approximately 7% percent of the Company’s global workforce).","evidence_excerpt":"On October 31, 2023, Splunk Inc. (the “Company”) initiated a plan of reorganization (the “Plan”) involving approximately 7% percent of the Company’s global workforce, mostly in the U.S. The Company estimates that it will incur approximately $42 million in charges","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1353283/000110465923113185/0001104659-23-113185-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $42 million"},{"label":"Affected area","value":"global workforce, mostly in the U.S."},{"label":"Headcount","value":"approximately 7% percent of the Company’s global workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}