{"schema_version":"secwatch.filing_event.v1","accession":"0001864448-23-000050","form_type":"8-K","ticker":null,"cik":"0001864448","company_name":"Wejo Group Ltd","filed_at":"2023-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.246328+00:00","generated_at":"2026-06-17T19:25:54.824214+00:00","sec_items":["1.01","2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Wejo cuts workforce 16%, guides Adj. EBITDA loss to $45-55M, targets mid-2024 FCF breakeven","bullets":["Reduces workforce by ~40 employees (16%); expects $1.8M in severance costs and ~$10M annualized savings.","Monthly cash burn targeted to fall from ~$6M to $2-3M by end of 2023, a >50% reduction.","Updated 2023 Adj. EBITDA loss outlook: $45-55M vs prior guidance of $60-70M.","Issues $2M unsecured note to Chairman Tim Lee with 110% redemption premium, maturing May 22, 2023.","Expects ~200% revenue growth in US marketplace business in 2023; advancing $100M raise via TKB merger."],"urls":{"canonical":"https://secwatch.observer/filing/0001864448-23-000050","json":"https://secwatch.observer/filing/0001864448-23-000050.json","markdown":"https://secwatch.observer/filing/0001864448-23-000050.md","text":"https://secwatch.observer/filing/0001864448-23-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1864448/000186444823000050/0001864448-23-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1864448/000186444823000050/wejo-20230321.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T19:25:54.824214+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":"bbc9301eb1bac861143bbff688fe21daededed1e","claim":"Wejo Group Ltd announced a restructuring with charges of Reduction in force of approximately 40 employees affecting global (approximately 40 employees).","evidence_excerpt":"On March 22, 2023, the Board of Directors of the Company approved a plan to reduce the Company’s workforce by approximately 40 employees, representing approximately 16% of the Company’s total current global workforce.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1864448/000186444823000050/0001864448-23-000050-index.htm","confidence":1.0,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"Reduction in force of approximately 40 employees"},{"label":"Affected area","value":"global"},{"label":"Headcount","value":"approximately 40 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}