Arris International layoffs, on the record
Every job cut, severance charge and restructuring Arris International reported in its annual reports, 2016 to 2018, quoted from the filings. Headcount went from approximately 7,020 to approximately 7,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2016 | approximately 7,020 | January 31, 2017 |
| 10-K for 2017 | approximately 8,700 | January 31, 2018 |
| 10-K for 2018 | approximately 7,900 | As of January 31, 2019 |
Job cuts, severance and restructuring
Our summaryRestructuring plan following the Pace acquisition affected roughly 1,545 positions across the Company, mainly employee severance and contractual obligation costs.
Word for word“The restructuring plan affected approximately 1,545 positions across the Company and its reportable segments.” 10-K for 2016
Our summaryRestructuring charges in 2016 were recorded for employee severance and contractual obligation costs tied to the Pace integration.
Word for word“During 2016, 2015 and 2014, we recorded restructuring charges of $96.3 million, $1.0 million and $3.4 million, respectively.” 10-K for 2016
Our summaryRestructuring plans initiated after the Pace acquisition focused on rationalizing personnel, facilities and systems, with the 2016 severance and termination cost recorded.
Word for word“ARRIS initiated restructuring plans as a result of the Acquisition that focuses on the rationalization of personnel, facilities and systems across the ARRIS organization.” 10-K for 2016
Our summaryIn 2015 restructuring charges related to severance and employee termination benefits.
Word for word“The charges in 2015 were related to severance and employee termination benefits.” 10-K for 2016
Our summaryRestructuring plan in 2017 with severance and contractual obligation costs, affecting about 195 positions across the company and its segments.
Word for word“During 2017, 2016 and 2015, we recorded restructuring charges of $20.9 million, $96.3 million and $1.0 million, respectively.” 10-K for 2017
Our summaryReduction in force following the Pace combination and divestiture of certain product lines, cited as reason for lower R&D expense.
Word for word“The decrease year-over-year in R&D expense reflected the result of reduction in force following the Pace combination and the divestiture of certain product lines that occurred during 2016.” 10-K for 2017
Our summaryCompany expects to incur restructuring charges for employee severance and termination benefits in connection with a pending sale.
Word for word“In addition, the Company expects to incur restructuring charges of approximately $15.0 million in the first quarter of 2018 for employee severance and termination benefits in connection with the sale.” 10-K for 2017
Our summaryIn 2018 the company recorded severance and termination benefit charges for a restructuring that affected 1,084 employees in all segments except Enterprise Networks.
Word for word“In 2018, ARRIS recorded restructuring charges of $38.5 million related to severance and employee termination benefits for 1,084 employees.” 10-K for 2018
Our summaryIn 2017 the company recorded severance and termination benefit charges for a restructuring initiative that affected 195 employees across all segments.
Word for word“In 2017, ARRIS recorded restructuring charges of $13.3 million related to severance and employee termination benefits for 195 employees.” 10-K for 2018
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $96.3 million | $65.6 million |
| 2017-12-31 | $20.9 million | $40.6 million |
| 2018-12-31 | $41 million | $39.2 million |
Arris International 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 Arris International’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-03-01. 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.