{"schema_version":"secwatch.filing_event.v1","accession":"0001628945-24-000009","form_type":"8-K","ticker":null,"cik":"0001628945","company_name":"Cue Health Inc.","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.864230+00:00","generated_at":"2026-06-06T18:20:43.254752+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 cuts 151 jobs (~24% workforce) in new cost reduction plan","bullets":["Reduction of 151 employees, roughly 24% of global workforce.","Estimated cash restructuring charge of $3.2M–$4.0M; non-cash charge ~$0.1M for RSU acceleration.","CRP follows prior cost reduction plans from Jan 2023, Apr 2023, and Jan 5, 2024.","Employee terminations expected by late March 2024; payments through Q3 2024.","Severance includes cash payment, healthcare continuation, and potential RSU acceleration."],"urls":{"canonical":"https://secwatch.observer/filing/0001628945-24-000009","json":"https://secwatch.observer/filing/0001628945-24-000009.json","markdown":"https://secwatch.observer/filing/0001628945-24-000009.md","text":"https://secwatch.observer/filing/0001628945-24-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1628945/000162894524000009/0001628945-24-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1628945/000162894524000009/hlth-20240125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:20:43.254752+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":"3f40a2af5f958159dfe6a178ac8233cfd001389a","claim":"Cue Health Inc. announced a restructuring with charges of in the range of approximately $3.2 million to $4.0 million (151 employees, which constitutes a reduction of approximately 24% 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 $3.2 million to $4.0 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/1628945/000162894524000009/0001628945-24-000009-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"in the range of approximately $3.2 million to $4.0 million"},{"label":"Headcount","value":"151 employees, which constitutes a reduction of approximately 24% 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"}