Arconic layoffs, on the record
Every job cut, severance charge and restructuring Arconic reported in its annual reports, 2020 to 2022, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe filing reports an employee severance program and restructuring charges under its 2021 restructuring programs, but the text provided contains only XBRL tags and no narrative figures.
Word for word“arnc:A2021RestructuringProgramsMember us-gaap:EmployeeSeveranceMember 2021-01-01 2021-12-31” 10-K for 2021
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2018-12-31 | $1 million | $2 million | $13 million |
| 2019-12-31 | $30 million | $32 million | $15 million |
| 2020-12-31 | $23 million | $27 million | $27 million |
| 2021-12-31 | $3 million | $9 million | $15 million |
| 2022-12-31 | $2 million | $5 million | $6 million |
Arconic 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 Arconic’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-21. 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.