{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-019779","form_type":"8-K","ticker":"HUBS","cik":"0001404655","company_name":"HUBSPOT INC","filed_at":"2023-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.782087+00:00","generated_at":"2026-06-20T05:14:10.305381+00:00","sec_items":["2.05","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"HubSpot to cut 7% of workforce (~500 employees); expects $72M-$105M in charges","bullets":["Restructuring plan approved Jan 25, 2023: workforce reduction of ~7% (approx. 500 employees) and lease consolidation.","Estimated total charges of $72M-$105M: $24M-$31M severance, $48M-$74M lease consolidation.","Workforce reduction substantially complete by end of Q1 2023; lease actions fully completed in 2023.","CEO Yamini Rangan cites faster-than-expected growth deceleration, inflation, and tighter customer budgets.","Departing employees to receive 5 months severance (up to 7 months based on tenure), extended benefits, accelerated equity vesting."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-019779","json":"https://secwatch.observer/filing/0001193125-23-019779.json","markdown":"https://secwatch.observer/filing/0001193125-23-019779.md","text":"https://secwatch.observer/filing/0001193125-23-019779.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1404655/000119312523019779/0001193125-23-019779-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1404655/000119312523019779/d417597d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T05:14:10.305381+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":"ca8901256ec0923e94a6235ff66688e6d61fb565","claim":"HUBSPOT INC announced a restructuring with charges of approximately $72.0 million to $105.0 million affecting the Company (approximately 7%).","evidence_excerpt":"On January 25, 2023, the Board of Directors of HubSpot, Inc. (the “Company”) authorized a restructuring plan (the “Plan”) that is designed to reduce operating costs and enable investment in key opportunities for long-term growth while driving continued profitability. The Plan includes a reduction of the Company’s current workforce by approximately 7% and a lease consolidation to create higher density across our workspaces. The Company estimates that it will incur charges of approximately $72.0 million to $105.0 million in connection with the Plan","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1404655/000119312523019779/0001193125-23-019779-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $72.0 million to $105.0 million"},{"label":"Affected area","value":"the Company"},{"label":"Headcount","value":"approximately 7%"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}