Cardtronics layoffs, on the record

Headcount, as reported

Job cuts, severance and restructuring

1. Our summaryCardtronics initiated a global corporate reorganization and cost reduction initiative (the Restructuring Plan) that included workforce reductions, facilities closures, contract terminations and other cost reduction measures. During 2017

   Word for word“During 2017, we initiated a global corporate reorganization and cost reduction initiative (the “Restructuring Plan”), intended to improve our cost structure and operating efficiency.” 10-K for 2018

2. Our summaryCardtronics incurred additional restructuring expenses to continue its cost reduction initiative, mainly employee severance and some facility exit costs. During the year ended December 31, 2018 · Cost: $6.6 million of pre-tax expenses

   Word for word“During the year ended December 31, 2018, we incurred $6.6 million of pre-tax expenses in an effort to continue our cost reduction initiative.” 10-K for 2018

3. Our summaryThe company implemented additional workforce reductions in 2018 as part of its cost reduction initiative. During the year ended December 31, 2018

   Word for word“During the year ended December 31, 2018, the Company implemented additional workforce reductions, in an effort to continue its cost reduction initiative and incurred $ 6.6 million of pre-tax expenses.” 10-K for 2018

4. Our summaryAcquisition related expenses in 2018 included employee severance and lease termination costs tied to certain DCPayments operations. For the year ended December 31, 2018

   Word for word“For the year ended December 31, 2018, acquisition related expenses included acquisition related professional fees, employee severance, and lease termination costs related to certain operations of DCPayments.” 10-K for 2018

5. Our summaryThe company continued its corporate reorganization and cost reduction initiatives (the Restructuring Plan), which included workforce reductions, facilities closures, professional fees and other related charges. During 2019

   Word for word“During 2019, the Company continued the corporate reorganization and cost reduction initiatives that began in 2017 to improve the Company's cost structure and operating efficiency (the "Restructuring Plan").” 10-K for 2019

6. Our summaryThe company put cost reduction initiatives in place in 2020, partly in response to the Pandemic, and recorded pre-tax expenses for its corporate reorganization that included facility closures and workforce reductions. Cost: $9.4 million and $8.9 million

   Word for word“During the years ended December 31, 2020 and 2019, we incurred $9.4 million and $8.9 million of pre-tax expenses, respectively, related to our corporate reorganization and cost reduction initiatives that included facility closures, workforce reductions and other related charges.” 10-K for 2020

7. Our summaryIn response to the Pandemic, the company carried out cost reduction initiatives that included workforce reductions and restructuring activities.

   Word for word“In addition, in response to the Pandemic, cost reduction initiatives were implemented that included workforce reductions and restructuring activities.” 10-K for 2020

Cardtronics 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 Cardtronics’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2021-03-01. 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.