Akorn layoffs, on the record
Every job cut, severance charge and restructuring Akorn reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from 2,308 to 2,227.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2017 | 2,308 | As of December 31, 2017 |
| 10-K for 2018 | 2,220 | As of December 31, 2018 |
| 10-K for 2019 | 2,227 | December 31, 2019 |
Job cuts, severance and restructuring
Our summaryRecorded $6.2 million of severance packages for former executives within SG&A expenses in 2018.
Word for word“The primary drivers of the $63.3 million increase were $36.0 million legal expenses attributed to the Delaware Action and $27.9 million expenses related to the data integrity assessment projects, $6.2 million severance packages for the former executives and $6.1 million of fixed assets impairments.” 10-K for 2018
Akorn has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Akorn’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.