{"schema_version":"secwatch.filing_event.v1","accession":"0001828105-23-000074","form_type":"8-K","ticker":"HIPO","cik":"0001828105","company_name":"Hippo Holdings Inc.","filed_at":"2023-10-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.803075+00:00","generated_at":"2026-06-09T08:46:59.484145+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":"Hippo Holdings cuts ~120 jobs (20% of workforce) in organizational realignment","bullets":["Involuntary reduction of up to 120 employees, ~20% of global workforce, effective Nov 1, 2023.","Expects Q4 2023 charges of $2.2M to $2.7M for severance and benefits, largely cash expenditures.","Company continues review for additional costs like facility lease exits; may amend filing if material.","Reduction aims to drive efficiency and focus on strategic priorities."],"urls":{"canonical":"https://secwatch.observer/filing/0001828105-23-000074","json":"https://secwatch.observer/filing/0001828105-23-000074.json","markdown":"https://secwatch.observer/filing/0001828105-23-000074.md","text":"https://secwatch.observer/filing/0001828105-23-000074.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828105/000182810523000074/0001828105-23-000074-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828105/000182810523000074/hippo-20231026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T08:46:59.484145+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":"a5c2eb86a084b179e2c92fe2bcfc74664b8db874","claim":"Hippo Holdings Inc. announced a restructuring with charges of approximately $2.2 million to $2.7 million (up to approximately 120 employees, which represents approximately 20% of the Company’s worldwide workforce).","evidence_excerpt":"employees on October 26, 2023, with most job eliminations effective on November 1, 2023. In the fourth quarter of 2023, the Company expects to record charges of approximately $2.2 million to $2.7 million for severance, benefits, and related costs as a result of these actions, materially all of which is expected to result in cash expenditures in the same period.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828105/000182810523000074/0001828105-23-000074-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $2.2 million to $2.7 million"},{"label":"Headcount","value":"up to approximately 120 employees, which represents approximately 20% of the Company’s worldwide workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}