{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-041520","form_type":"8-K","ticker":null,"cik":"0001431695","company_name":"Olo Inc.","filed_at":"2024-09-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.042753+00:00","generated_at":"2026-05-31T02:46:20.624757+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Olo cuts workforce ~9%, expects $2.2M-$2.6M charges; guidance unchanged","bullets":["~9% workforce reduction; estimated total charges $2.2M-$2.6M, primarily severance.","Charges include $2.1M-$2.3M for severance and payroll taxes; $0.2M-$0.3M for benefits.","Reiterates Q3 and FY 2024 revenue and Non-GAAP OI guidance ranges from July 31, 2024.","Plans to reinvest savings into growth initiatives; departing employees get 10 weeks severance plus COBRA."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-041520","json":"https://secwatch.observer/filing/0001140361-24-041520.json","markdown":"https://secwatch.observer/filing/0001140361-24-041520.md","text":"https://secwatch.observer/filing/0001140361-24-041520.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1431695/000114036124041520/0001140361-24-041520-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1431695/000114036124041520/ef20036101_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T02:46:20.624757+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":"2a4025b44189df7f7c336b3f1414fce49e4f813c","claim":"Olo Inc. announced a restructuring with charges of approximately $2.2 million to $2.6 million (approximately 9%).","evidence_excerpt":"Olo estimates that it will incur charges of approximately $2.2 million to $2.6 million in connection with the reduction of its workforce, which is expected to be incurred in the third quarter of fiscal year 2024.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1431695/000114036124041520/0001140361-24-041520-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $2.2 million to $2.6 million"},{"label":"Headcount","value":"approximately 9%"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}