{"schema_version":"secwatch.filing_event.v1","accession":"0001110803-23-000048","form_type":"8-K","ticker":"ILMN","cik":"0001110803","company_name":"ILLUMINA, INC.","filed_at":"2023-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.970947+00:00","generated_at":"2026-06-13T16:51:16.922973+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Illumina cuts headcount and real estate to save >$100M in 2023","bullets":["Headcount reduction began June 21, 2023, with further cuts expected in Q3.","Annualized run-rate expense reduction target of more than $100 million in 2023.","Estimated $25-35 million in charges for the reduction in force, mostly Q2 2023.","Exiting i3 campus in San Diego ($60M asset) and evaluating Foster City campus ($186M).","No estimate yet for real estate exit charges; will amend 8-K when estimable."],"urls":{"canonical":"https://secwatch.observer/filing/0001110803-23-000048","json":"https://secwatch.observer/filing/0001110803-23-000048.json","markdown":"https://secwatch.observer/filing/0001110803-23-000048.md","text":"https://secwatch.observer/filing/0001110803-23-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1110803/000111080323000048/0001110803-23-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1110803/000111080323000048/ilmn-20230621.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T16:51:16.922973+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":"23f6d4441fd8cbdb39bb3473d059f71face78c4c","claim":"ILLUMINA, INC. announced a restructuring with charges of approximately $25 - $35 million (headcount reduction).","evidence_excerpt":"Company has committed to reduce its annualized run rate expenses by more than $100 million in 2023. The Company estimates that it will incur aggregate charges of approximately $25 - $35 million in connection with the reduction in force commenced on June 21, 2023, and additional reductions this year. The Company expects that the majority of these charges","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1110803/000111080323000048/0001110803-23-000048-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $25 - $35 million"},{"label":"Headcount","value":"headcount reduction"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}