{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-091071","form_type":"8-K","ticker":"LTCH","cik":"0001826000","company_name":"Latch, Inc.","filed_at":"2026-08-05T20:03:34+00:00","discovered_at":"2026-08-05T20:04:00.219130+00:00","generated_at":"2026-08-05T20:04:13.729623+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"DOOR (Latch) announces restructuring: cuts 32% workforce, exits property management","bullets":["Reduces workforce by ~65 employees (32% of total); expects $10-12M annualized cost savings.","Exits DOOR Property Management business, which did not meet profitability expectations.","Estimates $1.5M-$2.5M in cash restructuring charges, mostly in Q3-Q4 2026.","CEO Dave Lillis cites AI investments enabling leaner organization; Scout product launched in June.","Separations substantially complete by end of 2026; U.S. employee base cut by ~10%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-091071","json":"https://secwatch.observer/filing/0001104659-26-091071.json","markdown":"https://secwatch.observer/filing/0001104659-26-091071.md","text":"https://secwatch.observer/filing/0001104659-26-091071.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826000/000110465926091071/0001104659-26-091071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826000/000110465926091071/tm2622239d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-05T20:04:13.729623+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}