{"schema_version":"secwatch.filing_event.v1","accession":"0001836833-23-000071","form_type":"8-K","ticker":"PL","cik":"0001836833","company_name":"Planet Labs PBC","filed_at":"2023-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.612143+00:00","generated_at":"2026-06-12T19:01:02.144302+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Planet Labs cuts 117 jobs (10% of workforce); expects $7-8M in severance charges","bullets":["Reducing headcount by ~117 employees (~10% of total workforce).","Expects non-recurring charges of $7M to $8M in Q3 FY2024 for severance and benefits.","Headcount reduction substantially complete by end of fiscal year Jan 31, 2024.","CEO cites focus on high-ROI opportunities, path to profitability, macroeconomic headwinds.","Departing employees get minimum 14 weeks pay, healthcare, immigration support, career counseling."],"urls":{"canonical":"https://secwatch.observer/filing/0001836833-23-000071","json":"https://secwatch.observer/filing/0001836833-23-000071.json","markdown":"https://secwatch.observer/filing/0001836833-23-000071.md","text":"https://secwatch.observer/filing/0001836833-23-000071.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1836833/000183683323000071/0001836833-23-000071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1836833/000183683323000071/pl-20230727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T19:01:02.144302+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":"86d248f8d3d3a00fd96ed2982571e3dc6c4cc6a7","claim":"Planet Labs PBC announced a restructuring with charges of approximately $7 million to $8 million in aggregate pre-tax costs (approximately 117 employees).","evidence_excerpt":"long-term strategy and path to profitability. As a result of the headcount reduction, the Company currently estimates that it will incur non-recurring charges of approximately $7 million to $8 million in aggregate pre-tax costs in connection with the reduction, consisting of one-time severance and other termination benefit costs. The Company expects that the","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1836833/000183683323000071/0001836833-23-000071-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $7 million to $8 million in aggregate pre-tax costs"},{"label":"Headcount","value":"approximately 117 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}