{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-414965","form_type":"8-K","ticker":"HUBS","cik":"0001404655","company_name":"HUBSPOT INC","filed_at":"2026-10-06T12:15:34+00:00","discovered_at":"2026-10-06T12:20:00.226520+00:00","generated_at":"2026-10-12T16:32:52.070090+00:00","sec_items":["2.02","2.05","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"HubSpot cuts ~7% of staff (~660 roles), books $65M-$75M restructuring charge; FY26 guidance reaffirmed","bullets":["Board authorized the plan on Oct 1, 2026 to eliminate ~7% of HubSpot's workforce, about 660 employees; cuts substantially complete by end of Q1 FY2027.","Expected charges of $65M-$75M, mainly severance, notice period, transition and benefits, recognized mostly in Q4 2026; cash payments largely made by June 30, 2027.","CEO Yamini Rangan told staff the move is not AI-efficiency driven: reorganizing around customer outcomes, fewer management layers, and agile teams with clear ownership.","Q3 and FY2026 guidance for revenue, non-GAAP operating income and non-GAAP EPS was reaffirmed; restructuring costs are excluded from non-GAAP results.","Severance is 20 weeks base pay plus 1 week per year of service (max 30 weeks); US COBRA 5 months, 6 months outplacement, and departing staff keep laptops."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-414965","json":"https://secwatch.observer/filing/0001193125-26-414965.json","markdown":"https://secwatch.observer/filing/0001193125-26-414965.md","text":"https://secwatch.observer/filing/0001193125-26-414965.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1404655/000119312526414965/0001193125-26-414965-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1404655/000119312526414965/d183135d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T16:32:52.070090+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}