{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-305254","form_type":"8-K","ticker":"CMRC","cik":"0001626450","company_name":"Commerce.com, Inc.","filed_at":"2022-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.484023+00:00","generated_at":"2026-06-21T04:09:37.692410+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BigCommerce cuts workforce 13% to accelerate adjusted EBITDA breakeven to Q4 2023","bullets":["Workforce reduction of ~13% (9% employees, 4% contractors); charges $4.2-4.6M in Q4 2022.","Evaluating headquarter facility impairment of $2.0-3.2M.","Adjusted EBITDA breakeven timeline moved forward from mid-late 2024 to Q4 2023.","Reiterates Q4 and FY2022 revenue and non-GAAP operating loss guidance.","CEO cites focus on enterprise ecommerce where strongest unit economics."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-305254","json":"https://secwatch.observer/filing/0001193125-22-305254.json","markdown":"https://secwatch.observer/filing/0001193125-22-305254.md","text":"https://secwatch.observer/filing/0001193125-22-305254.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1626450/000119312522305254/0001193125-22-305254-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1626450/000119312522305254/d292963d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T04:09:37.692410+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":"abfeb06d1f4016f55b6bc55a7ee3f763f35d4d9c","claim":"Commerce.com, Inc. announced a restructuring with charges of approximately $4.2 million to $4.6 million affecting current workforce (approximately 13%, consisting of 9% employees and 4% contractors).","evidence_excerpt":"On December 14, 2022, BigCommerce Holdings, Inc. (the “Company”) committed to a plan to reduce the Company’s current workforce by approximately 13%, consisting of 9% employees and 4% contractors. The decision was based on cost-reduction initiatives intended to reduce the Company’s cost structure and accelerate its path to profitability. The Company currently estimates that it will incur one-time cash charges of approximately $4.2 million to $4.6 million in connection with the reduction in force, primarily consisting of severance payments, employee benefits and related costs.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1626450/000119312522305254/0001193125-22-305254-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $4.2 million to $4.6 million"},{"label":"Affected area","value":"current workforce"},{"label":"Headcount","value":"approximately 13%, consisting of 9% employees and 4% contractors"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}