On the Record · Concentrix CVG

Concentrix CVG layoffs, on the record

Every job cut, severance charge and restructuring Concentrix CVG reported in its annual reports, 2015 to 2017, quoted from the filings. Headcount went from approximately 130,000 to approximately 115,000.

Headcount, as reported

Annual report	Employees	As of
10-K for 2015	approximately 130,000	As of December 31, 2015
10-K for 2016	approximately 130,000	December 31, 2016
10-K for 2017	approximately 115,000	As of December 31, 2017

Job cuts, severance and restructuring

Our summaryRecorded 2015 severance charges tied to refining the operating model and cutting costs, plus headcount reductions from client program completions, affecting about 700 employees. During 2015
Word for word“During 2015, the Company recorded severance charges of $7.2 related to the Company's ongoing efforts to refine its operating model and reduce costs, as well as headcount reductions resulting from certain client program completions.” 10-K for 2015
Our summaryRecorded restructuring expenses related to the integration of Stream, with severance-related liability remaining at year end. During 2015
Word for word“During 2015, the Company also recorded restructuring expenses of $0.4 related to the integration of Stream.” 10-K for 2015
Our summaryRecorded severance charges for elimination of redundant executive and non-executive positions from the Stream integration. During 2014
Word for word“During 2014, the Company recorded severance charges of $11.0 related to the elimination of certain redundant executive and non-executive positions as a result of the Company's integration of the Stream business.” 10-K for 2015
Our summaryRecorded a severance charge for restructuring actions to refine the operating model and reduce costs. During 2014 · Affected: approximately 400 employees
Word for word“During 2014, the Company also recorded a severance charge of $1.7 related to restructuring actions impacting approximately 400 employees.” 10-K for 2015
Our summaryRecorded a severance charge for restructuring actions to refine the operating model and reduce costs, plus other restructuring expense. During 2013 · Affected: approximately 800 employees
Word for word“During 2013, the Company recorded a severance charge of $4.3 , impacting approximately 800 employees.” 10-K for 2015
Our summaryRecorded severance charges related to efforts to refine the operating model and reduce costs, plus headcount reductions from client program completions. During 2016 · Cost: $3.7
Word for word“During 2016, the Company recorded severance charges of $3.7 related to the Company's ongoing efforts to refine its operating model and reduce costs, as well as headcount reductions resulting from certain client program completions.” 10-K for 2016
Our summaryThe company ran a company-wide restructuring program to cut headcount and align resources, mainly in corporate functions. Affected: approximately 315 employees
Word for word“The 2017 restructuring actions impacted approximately 315 employees.” 10-K for 2017
Our summaryThe company recorded severance for headcount reductions after certain client programs ended. During 2017 · Cost: $10.4
Word for word“During 2017, the Company recorded other severance expense of $10.4 primarily related to headcount reductions resulting from certain client program completions.” 10-K for 2017
Our summaryThe company recorded severance for eliminating redundant positions after integrating the buw business. During 2017 · Affected: certain redundant positions · Cost: $1.1
Word for word“During 2017, the Company recorded severance charges of $1.1 related to the elimination of certain redundant positions as a result of the integration of the buw business.” 10-K for 2017
Our summaryThe company recorded severance to refine its operating model, cut costs, and reduce headcount after client program completions. Affected: approximately 760 employees
Word for word“The 2016 actions impacted approximately 760 employees.” 10-K for 2017
Our summaryThe company recorded severance to refine its operating model, cut costs, and reduce headcount after client program completions. Affected: approximately 700 employees
Word for word“The 2015 actions impacted approximately 700 employees.” 10-K for 2017

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Severance costs	Restructuring charges
2016-12-31	—	$3.7 million
2017-12-31	$12.8 million	$23.2 million

Concentrix CVG 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 Concentrix CVG’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 2018-02-21. 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.