{"filing":{"accession_number":"0001104659-26-091071","cik":"0001826000","ticker":"LTCHW","company_name":"Latch, Inc.","form":"8-K","filing_date":"2026-08-05","report_date":"2026-08-03","primary_document":"tm2622239d1_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1826000/000110465926091071/tm2622239d1_8k.htm"},"events":[{"id":24396,"run_id":22103,"accession_number":"0001104659-26-091071","anchor_item_number":"2.05","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.95,"summary":"Latch announced a Board-authorized restructuring plan effective August 5, 2026, involving a reduction in force of approximately 65 employees (32% of workforce) and discontinuation of the DOOR Property Management business, with estimated restructuring charges of $1.5–$2.5 million primarily for severance and benefits, and expected annualized cost savings of $10–$12 million.","company_name":"Latch, Inc.","ticker":"LTCHW","filing_date":"2026-08-05","form":"8-K","submitted_at":null,"items":[{"id":24934,"accession_number":"0001104659-26-091071","item_number":"2.05","item_title":null,"event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The filing discloses a Board-authorized restructuring plan effective August 5, 2026, involving a reduction in force of approximately 65 employees (32% of workforce) and discontinuation of the DOOR Property Management business, with estimated restructuring charges of $1.5–$2.5 million primarily for severance and benefits. This is a classic workforce reduction event under Item 2.05, with material operational and financial consequences including expected annualized cost savings of $10–$12 million.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-06T02:32:14.603631+00:00","company_name":"","ticker":null,"filing_date":""},{"id":24935,"accession_number":"0001104659-26-091071","item_number":"7.01","item_title":null,"event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The disclosure centers on a restructuring plan eliminating approximately 65 roles globally (32% workforce reduction) and exiting the DOOR Property Management business, with expected annualized cost savings of $10-12 million and restructuring charges of $1.5-2.5 million. This is a classic workforce reduction event with associated exit costs and operational restructuring, as contemplated by Item 2.05 and disclosed via press release in Item 7.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-06T02:32:14.603631+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":24934,"accession_number":"0001104659-26-091071","item_number":"2.05","item_title":null,"event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The filing discloses a Board-authorized restructuring plan effective August 5, 2026, involving a reduction in force of approximately 65 employees (32% of workforce) and discontinuation of the DOOR Property Management business, with estimated restructuring charges of $1.5–$2.5 million primarily for severance and benefits. This is a classic workforce reduction event under Item 2.05, with material operational and financial consequences including expected annualized cost savings of $10–$12 million.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-06T02:32:14.603631+00:00","company_name":"Latch, Inc.","ticker":"LTCHW","filing_date":"2026-08-05"},{"id":24935,"accession_number":"0001104659-26-091071","item_number":"7.01","item_title":null,"event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The disclosure centers on a restructuring plan eliminating approximately 65 roles globally (32% workforce reduction) and exiting the DOOR Property Management business, with expected annualized cost savings of $10-12 million and restructuring charges of $1.5-2.5 million. This is a classic workforce reduction event with associated exit costs and operational restructuring, as contemplated by Item 2.05 and disclosed via press release in Item 7.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-06T02:32:14.603631+00:00","company_name":"Latch, Inc.","ticker":"LTCHW","filing_date":"2026-08-05"}]}