Civitas Solutions layoffs, on the record
Every job cut, severance charge and restructuring Civitas Solutions reported in its annual reports, 2016 to 2018, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2016 | approximately 22,300 full-time equivalent employees | September 30, 2016 |
| 10-K for 2017 | approximately 22,900 full-time equivalent employees | September 30, 2017 |
| 10-K for 2018 | approximately 23,600 | September 30, 2018 |
Job cuts, severance and restructuring
Our summaryClosed its ARY operations in Florida, Louisiana, Indiana and Texas, recording exit costs that included severance.
Word for word“During the first and second quarter of fiscal 2016, the Company completed the closures of its ARY operations in Florida, Louisiana, Indiana and Texas.” 10-K for 2016
Our summaryRecorded severance and lease termination exit costs tied to the ARY closures.
Word for word“In connection with these closures, the Company recorded exit costs of approximately $2.0 million , consisting of severance costs of $0.5 million and lease termination costs of $1.5 million , during the year ended September 30, 2016 .” 10-K for 2016
Our summaryRecorded severance expense in connection with the discontinued REM Connecticut operations.
Word for word“Loss from discontinued operations for REM Connecticut for fiscal 2014 included impairment charges of $1.6 million and $0.7 million for intangible assets and owned buildings, respectively, and $0.1 million of expense for severance.” 10-K for 2016
Our summaryExpense reduction project covering company-wide expenses, including labor management and organizational structure, with severance and contract termination costs incurred.
Word for word“In connection with this project to optimize our business operations we have incurred $3.9 million in consulting, severance and contract termination costs in the fiscal year ended September 30, 2017 .” 10-K for 2017
Our summaryClosure of ARY operations in Florida, Louisiana, Indiana and Texas, with severance and lease termination charges recorded.
Word for word“During fiscal 2016, the Company recorded cash charges of approximately $2.0 million , consisting of severance costs of $0.5 million and lease termination costs of $1.5 million .” 10-K for 2017
Our summaryThe company closed or consolidated 58 programs, mainly in its SRS and CSS divisions, and recorded exit costs including lease termination and severance costs.
Word for word“During the year ended September 30, 2018, we incurred exit costs associated with these closures of $10.7 million , including $10.0 million in lease termination costs, and $0.7 million in severance.” 10-K for 2018
Our summaryThe company ran a company-wide expense reduction project covering labor management and organizational structure, and incurred consulting, severance and contract termination costs.
Word for word“In connection with this project to optimize our business operations we have incurred $4.4 million in consulting, severance and contract termination costs in the fiscal year ended September 30, 2018 .” 10-K for 2018
Civitas Solutions 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 Civitas Solutions’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 2018-12-13. 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.