{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-000843","form_type":"8-K","ticker":"PEGA","cik":"0001013857","company_name":"PEGASYSTEMS INC","filed_at":"2023-01-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.489666+00:00","generated_at":"2026-06-20T20:40:27.237276+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Pegasystems cuts ~4% of workforce, expects $18.9M charge in Q4 2022","bullets":["Workforce reduction of ~4% across all geographies, affecting go-to-market teams.","Expects $18.9M charge in Q4 2022 for cash severance and related benefits.","Company cites alignment with Rule of 40 goal and go-to-market strategy.","Communications to impacted employees expected to be completed in Q1 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-000843","json":"https://secwatch.observer/filing/0001193125-23-000843.json","markdown":"https://secwatch.observer/filing/0001193125-23-000843.md","text":"https://secwatch.observer/filing/0001193125-23-000843.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013857/000119312523000843/0001193125-23-000843-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013857/000119312523000843/d442682d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T20:40:27.237276+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":"33a9135a0f062c2d714ecea4404ed9acb9401657","claim":"PEGASYSTEMS INC announced a restructuring with charges of $18.9 million (approximately 4% of its employees).","evidence_excerpt":"Aligned with our target organization go-to-market strategy and commitment to be a Rule of 40 managed company, on January 3, 2023, Pegasystems Inc. (the “Company”) announced a reduction in its workforce of approximately 4% of its employees across various geographies. Communications to impacted persons or their representatives are expected to be completed in the first quarter 2023. The Company expects to incur a charge of $18.9 million in the fourth quarter of 2022 related principally to cash severance and related benefit costs for terminated employees.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013857/000119312523000843/0001193125-23-000843-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$18.9 million"},{"label":"Headcount","value":"approximately 4% of its employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}