Dunkin' Brands Group layoffs, on the record
Every job cut, severance charge and restructuring Dunkin' Brands Group reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from 1,148 to 1,114.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2017 | 1,148 | December 30, 2017 |
| 10-K for 2018 | 1,107 | December 29, 2018 |
| 10-K for 2019 | 1,114 | December 28, 2019 |
Job cuts, severance and restructuring
Our summaryGeneral and administrative expenses rose in fiscal 2017, partly due to higher personnel costs from an organizational restructuring.
Word for word“General and administrative expenses increased $2.2 million , or 0.9% , in fiscal year 2017 due primarily to an increase in costs to support brand-building activities and an increase in personnel costs incurred in connection with an organizational restructuring, offset by a decrease in consulting fees and legal reserves.” 10-K for 2017
Our summaryThe company entered into a separation agreement with William Mitchell, a former executive.
Word for word“10.40* Separation Agreement between the Company and William Mitchell, dated November 20, 2017” 10-K for 2017
Our summaryThe company has obligations to former employees under severance agreements, included in its contractual obligations.
Word for word“Amounts include obligations to former employees under severance agreements.” 10-K for 2017
Our summaryThe company had an organizational restructuring that increased personnel costs within general and administrative expenses.
Word for word“General and administrative expenses increased $2.0 million, or 0.8%, in fiscal year 2017 due primarily to an increase in costs to support brand-building activities and an increase in personnel costs incurred in connection with an organizational restructuring, offset by a decrease in consulting fees and legal reserves.” 10-K for 2018
Our summaryThe company entered into a separation agreement with executive Richard Emmett, later amended.
Word for word“10.37* Separation Agreement between the Company and Richard Emmett, dated October 10, 2018.” 10-K for 2018
Dunkin' Brands Group 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 Dunkin' Brands Group’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-24. 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.