---
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"
generated_at: "2026-06-09T02:08:16.770134+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Splunk to cut ~7% of workforce; expects $42M in charges, mostly severance

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-113185
- form_type: 8-K
- cik: 0001353283
- company_name: SPLUNK INC
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-113185
- JSON: https://secwatch.observer/filing/0001104659-23-113185.json
- Plain text: https://secwatch.observer/filing/0001104659-23-113185.txt

## Key facts
- Restructurings & Charges
  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).
  - Type: restructuring
  - Charge: approximately $42 million
  - Affected area: global workforce, mostly in the U.S.
  - Headcount: approximately 7% percent of the Company’s global workforce
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1353283/000110465923113185/0001104659-23-113185-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.