Stratrix
On the Record · Canon

Canon layoffs, on the record

Every job cut, severance charge and restructuring Canon reported in its annual reports, 2020 to 2022, quoted from the filings.

Job cuts, severance and restructuring

  1. Our summaryCanon implemented a restructuring plan centered in Europe to reorganize its sales structure and improve profitability, mainly in the Office Business Unit. During 2019

    Word for word“During 2019, the Company implemented a restructuring plan centered in Europe with the goal of reorganizing sales structure and improving profitability mainly in the Office Business Unit.” 20-F for 2020

  2. Our summaryThe employee severance liability balance related to the 2019 European restructuring plan was recorded at year-end 2019. As of December 31, 2019 · Cost: The balance of the related employee severance liability as of December 31, 2019 is ¥10,225 million.

    Word for word“The balance of the related employee severance liability as of December 31, 2019 is ¥10,225 million.” 20-F for 2020

  3. Our summaryThe filing states that restructuring charges for 2020 and 2018 were not significant. Years ended December 31, 2020 and 2018

    Word for word“The restructuring charges for the years ended December 31, 2020 and 2018 were not significant.” 20-F for 2020

  4. Our summaryCanon implemented a restructuring plan centered in Europe to reorganize its sales structure and improve profitability, mainly in the Printing Business Unit. During 2019

    Word for word“During 2019, the Company implemented a restructuring plan centered in Europe with the goal of reorganizing sales structure and improving profitability mainly in the Printing Business Unit.” 20-F for 2021

  5. Our summaryRestructuring charges for 2021 and 2020 were not significant. Years ended December 31, 2021 and 2020

    Word for word“The restructuring charges for the years ended December 31, 2021 and 2020 were not significant.” 20-F for 2021

Canon 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 Canon’s annual reports (20-F for 2022, 20-F for 2021, 20-F for 2020) and the financial data it files with the SEC, as of 2023-03-30. 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.