{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-042199","form_type":"8-K","ticker":"VERI","cik":"0001615165","company_name":"Veritone, Inc.","filed_at":"2026-06-10T20:12:25+00:00","discovered_at":"2026-06-10T20:13:00.223115+00:00","generated_at":"2026-06-10T20:13:58.212361+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Veritone announces restructuring: 25% workforce reduction, expects up to 30% annual expense cut","bullets":["Workforce reduction of at least 25% of employees as of March 31, 2026, initiated June 10, 2026.","Expected to be substantially completed by late July 2026; structured phases.","Aims to reduce annual operating expenses by up to 30% vs TTM ended March 31, 2026.","Costs (severance, benefits, exit costs) not yet estimable; will be recognized in Q2/Q3.","Plan includes reduction in third-party operating costs and employee count."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-042199","json":"https://secwatch.observer/filing/0001628280-26-042199.json","markdown":"https://secwatch.observer/filing/0001628280-26-042199.md","text":"https://secwatch.observer/filing/0001628280-26-042199.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1615165/000162828026042199/0001628280-26-042199-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1615165/000162828026042199/veri-20260610.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T20:13:58.212361+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":"c3fc187eabf7ff849d510cf0829901dc51a0f447","claim":"Veritone, Inc. announced a restructuring affecting Company-wide (at least 25% of its employee count as of March 31, 2026).","evidence_excerpt":"On June 1, 2026, Veritone, Inc. (the “Company”) made the decision to implement a restructuring plan (the “Plan”), which includes a workforce reduction that was initiated on June 10, 2026, and a reduction in certain third-party operating costs.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1615165/000162828026042199/0001628280-26-042199-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Affected area","value":"Company-wide"},{"label":"Headcount","value":"at least 25% of its employee count as of March 31, 2026"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}