{"schema_version":"secwatch.filing_event.v1","accession":"0001836833-24-000070","form_type":"8-K","ticker":"PL","cik":"0001836833","company_name":"Planet Labs PBC","filed_at":"2024-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.602356+00:00","generated_at":"2026-06-01T01:52:17.542835+00:00","sec_items":["2.05","7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Planet Labs to cut ~180 jobs (17% of workforce), expects $9.5-10.5M in severance costs","bullets":["Headcount reduction of ~180 employees (17% of workforce) committed on June 24, 2024.","Estimates non-recurring pre-tax charges of $9.5M to $10.5M for severance and termination benefits.","Majority of charges expected in Q2 fiscal 2025; reductions substantially complete by Jan 31, 2025.","Company confirms no changes to prior financial guidance provided on June 6, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001836833-24-000070","json":"https://secwatch.observer/filing/0001836833-24-000070.json","markdown":"https://secwatch.observer/filing/0001836833-24-000070.md","text":"https://secwatch.observer/filing/0001836833-24-000070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1836833/000183683324000070/0001836833-24-000070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1836833/000183683324000070/pl-20240624.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T01:52:17.542835+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":"d3988b71ac96928149886e4443e4886c5baadf42","claim":"Planet Labs PBC announced a restructuring with charges of approximately $9.5 million to $10.5 million (approximately 180 employees, which represents approximately 17% of the Company’s total number of employees prior to the).","evidence_excerpt":"the long-term growth and profitability of the business. As a result of the headcount reduction, the Company estimates that it will incur non-recurring charges of approximately $9.5 million to $10.5 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/1836833/000183683324000070/0001836833-24-000070-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $9.5 million to $10.5 million"},{"label":"Headcount","value":"approximately 180 employees, which represents approximately 17% of the Company’s total number of employees prior to the"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}