Colliers International layoffs, on the record
Every job cut, severance charge and restructuring Colliers International reported in its annual reports, 2001 to 2003, quoted from the filings. Headcount went from approximately 9,700 to approximately 11,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2001 | approximately 9,700 | — |
| 10-K for 2002 | approximately 10,500 | — |
| 10-K for 2003 | approximately 11,000 | — |
Job cuts, severance and restructuring
Our summaryRestructuring costs at one acquired subsidiary were reflected in the final purchase price allocation for the March 2001 Watts acquisition, adding goodwill and accrued liabilities.
Word for word“In fiscal 2002, the Company finalized the allocation of the purchase price with respect to the March 2001 Watts acquisition.” 10-K for 2002
Our summaryThe company finalized its Watts acquisition purchase accounting, which added goodwill and accrued liabilities mainly for restructuring costs at one acquired Watts subsidiary.
Word for word“The final adjustment to this purchase equation and the purchase equations on other acquisitions resulted in additional goodwill and accrued liabilities in the amount of $1,860, net of income taxes, principally to reflect costs to restructure operations of one of the acquired Watts subsidiaries.” 10-K for 2003
Our summaryThe company incurred severance and related costs in its Business Services segment under a plan to reduce overhead and realize synergies, with part still unpaid at year end.
Word for word“During the year, the Company incurred $1,904 of severances and related costs in its Business Services segment as part of a plan to reduce overheads and more aggressively realize synergies within the segment.” 10-K for 2003
| Fiscal year ended | Restructuring charges |
|---|---|
| 2023-12-31 | $27.7 million |
| 2024-12-31 | $23.3 million |
| 2025-12-31 | $38.1 million |
Colliers International 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 Colliers International’s annual reports (10-K for 2003, 10-K for 2002, 10-K for 2001) and the financial data it files with the SEC, as of 2003-05-23. 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.