Stratrix
On the Record · AlerisLife

AlerisLife layoffs, on the record

Every job cut, severance charge and restructuring AlerisLife reported in its annual reports, 2019 to 2021, quoted from the filings. Headcount went from approximately 23,600 to approximately 10,700.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2019approximately 23,600February 26, 2020
10-K for 2020approximately 19,500—
10-K for 2021approximately 10,700—

Job cuts, severance and restructuring

  1. Our summaryThe filing describes severance payments to the Chief Executive Officer recorded as employee severance in the fourth quarter of 2018.

    Word for word“0001159281 srt:ChiefExecutiveOfficerMember us-gaap:EmployeeSeveranceMember 2018-10-01 2018-12-31” 10-K for 2019

  2. Our summaryFormer CEO Adam Portnoy? No. Severance was paid to a former officer; the filing reports a full severance cost of $581 thousand for Mr. Doyle recorded in 2019 in general and administrative expenses. 2019 · Affected: Mr. Doyle · Cost: $ 581

    Word for word“The full severance cost for Mr. Doyle of $ 581 was recorded during 2019 and was included in general and administrative expenses in our consolidated statements of operations.” 10-K for 2020

  3. Our summaryAs part of the Strategic Plan, the company eliminated positions in its corporate, regional and divisional teams and in its senior living communities and rehabilitation clinics. Affected: approximately 120, or 27.3% of the positions in our corporate, regional and divisional teams and approximately 6,200, or 34.3%, of the positions in our Five Star senior living communities and Ageility rehabilitation clinics

    Word for word“In connection with the Strategic Plan, we eliminated approximately 120, or 27.3% of the positions in our corporate, regional and divisional teams and approximately 6,200, or 34.3%, of the positions in our Five Star senior living communities and Ageility rehabilitation clinics.” 10-K for 2021

  4. Our summaryThe company recorded restructuring expenses for repositioning its residential management services, most of which DHC reimbursed. Cost: $ 19,196 , approximately $ 13,311 of which were reimbursed by DHC

    Word for word“In connection with the repositioning of our residential management services, we incurred restructuring expenses of $ 19,196 , approximately $ 13,311 of which were reimbursed by DHC.” 10-K for 2021

  5. Our summaryThe company recorded severance and retention costs under the repositioning phase of the Strategic Plan. Cost: $ 16,191

    Word for word“• Recognized severance and retention costs of $ 16,191 , and F-39 AlerisLife Inc.” 10-K for 2021

  6. Our summaryThe company announced the Strategic Plan, which repositioned its residential management business toward larger communities. On April 9, 2021

    Word for word“19. Restructuring Expense On April 9, 2021, we announced, as part of the Strategic Plan, the repositioning of the Company's residential management business to focus on larger independent living, assisted living and memory care communities as well as stand-alone independent living and active adult communities.” 10-K for 2021
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedRestructuring chargesCash paid for restructuring
2020-12-31$1.4 million—
2021-12-31$19.2 million$16.3 million

AlerisLife filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from AlerisLife’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-24. 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.