Duke Realty layoffs, on the record
Every job cut, severance charge and restructuring Duke Realty reported in its annual reports, 2019 to 2021, quoted from the filings.
Job cuts, severance and restructuring
Our summaryDuke Realty recognized overhead restructuring charges within general and administrative expenses, tied to a voluntary retirement package and other organizational changes.
Word for word“We recognized approximately $4.5 million of overhead restructuring charges included within general and administrative expenses.” 10-K for 2020
Our summaryThe company recorded overhead restructuring costs in 2021, mainly for reorganizing its construction business, and recorded a somewhat higher amount of restructuring charges in 2020.
Word for word“(1) We recognized approximately $3.5 million of overhead restructuring costs, primarily related to reorganizing our construction business during the year ended December 31, 2021, compared to $4.5 million of overhead restructuring charges during the year ended December 31, 2020.” 10-K for 2021
Duke Realty 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 Duke Realty’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-18. 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.