Athenahealth layoffs, on the record
Every job cut, severance charge and restructuring Athenahealth reported in its annual reports, 2015 to 2017, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2015 | 4,668 full-time employees | December 31, 2015 |
| 10-K for 2016 | approximately 5,305 | As of December 31, 2016 |
| 10-K for 2017 | approximately 5,156 | December 31, 2017 |
Job cuts, severance and restructuring
Our summaryThe company recorded restructuring costs for a strategic workforce re-alignment in the fourth quarter of 2016, which mainly appeared in research and development compensation costs.
Word for word“Includes $6.6 million of the $7.3 million in restructuring costs related to strategic workforce re-alignment disclosed in Note 1 – Nature of Operations and Summary of Significant Accounting Policies.” 10-K for 2016
Our summaryThe company recorded a $6.3 million severance charge in compensation costs under the Plan and cut headcount by 7% from the third quarter to the fourth quarter of 2017.
Word for word“Compensation costs also includes a $6.3 million charge related to severance associated with the Plan, as we decreased headcount by 7% from the three months ended September 30, 2017 to the three months ended December 31, 2017.” 10-K for 2017
Our summarySelling and marketing expense included $3.3 million in severance tied to an 18% average headcount decrease under the Plan in the fourth quarter of 2017.
Word for word“Compensation costs increased $6.7 million for the year ended December 31, 2017 , which included $3.3 million in severance due to an 18% average decrease in headcount associated with the Plan during the three months ended December 31, 2017.” 10-K for 2017
Our summaryResearch and development compensation costs rose in 2016 mainly because of restructuring costs for a strategic re-alignment in the fourth quarter of 2016.
Word for word“Compensation costs increased $10.2 million for the year ended December 31, 2016 , primarily due to restructuring costs incurred for strategic re-alignment purposes during the three months ended December 31, 2016.” 10-K for 2017
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $11.3 million | $9.2 million |
| 2017-12-31 | $13.8 million | $13.5 million |
Athenahealth 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 Athenahealth’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-02-01. 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.