Cowen layoffs, on the record
Every job cut, severance charge and restructuring Cowen reported in its annual reports, 2020 to 2022, quoted from the filings. Headcount went from 1,364 to 1,534.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2020 | 1,364 | December 31, 2020 |
| 10-K for 2021 | 1,534 | December 31, 2021 |
| 10-K for 2022 | 1,534 | December 31, 2022 |
Job cuts, severance and restructuring
Our summaryThe company recorded a goodwill impairment charge of $4.1 million in the Asset Co reporting unit, tied to a change in segments and restructuring of reporting units.
Word for word“Based on the results of the impairment analysis, the Company recognized a goodwill impairment, during the second quarter of 2019, in the amount of $ 4.1 million within the Asset Co reporting unit.” 10-K for 2020
Cowen 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 Cowen’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-28. 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.