{"schema_version":"secwatch.filing_event.v1","accession":"0001628945-23-000085","form_type":"8-K","ticker":null,"cik":"0001628945","company_name":"Cue Health Inc.","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.734654+00:00","generated_at":"2026-06-16T06:33:43.743015+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":"Cue Health to cut ~30% of workforce (326 employees) in cost reduction plan","bullets":["Reduction of 326 employees (~30% of global workforce) under new cost reduction plan.","Estimated restructuring charge of $5-7 million cash plus ~$0.3M non-cash for RSU acceleration.","Layoffs expected to be completed by late June 2023 after 60-day WARN notice; cash payments by Q4 2023.","CEO cites challenging macro environment and 'in-between period' between COVID product and expanded test menu."],"urls":{"canonical":"https://secwatch.observer/filing/0001628945-23-000085","json":"https://secwatch.observer/filing/0001628945-23-000085.json","markdown":"https://secwatch.observer/filing/0001628945-23-000085.md","text":"https://secwatch.observer/filing/0001628945-23-000085.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628945/000162894523000085/0001628945-23-000085-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628945/000162894523000085/hlth-20230428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:33:43.743015+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":"8955f0f3c2c4c83df9315151deb96636e3d1836e","claim":"Cue Health Inc. announced a restructuring with charges of in the range of approximately $5.0 million to $7.0 million (326 employees, which constitutes a reduction of approximately 30% in the Company’s global workforce).","evidence_excerpt":"In connection with the CRP, the Company estimates that it will record an aggregate restructuring charge related to one-time termination benefits in the range of approximately $5.0 million to $7.0 million. The substantial majority of these charges will result in cash expenditures. Cash expenditures in connection with the CRP consist of payments for salary,","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1628945/000162894523000085/0001628945-23-000085-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"in the range of approximately $5.0 million to $7.0 million"},{"label":"Headcount","value":"326 employees, which constitutes a reduction of approximately 30% in the Company’s global workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}