Empower Annuity Insurance Co of America layoffs, on the record
Every job cut, severance charge and restructuring Empower Annuity Insurance Co of America reported in its annual reports, 2015 to 2017, quoted from the filings. Headcount went from approximately 5,400 to approximately 5,800.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2015 | approximately 5,400 | December 31, 2015 |
| 10-K for 2016 | approximately 5,800 | December 31, 2016 |
| 10-K for 2017 | approximately 5,800 | December 31, 2017 |
Job cuts, severance and restructuring
Our summaryGreat-West Financial carried out a restructuring action to right-size its cost structure after finishing the Empower Retirement integration, and recorded restructuring costs in the first quarter of 2017.
Word for word“Included in net earnings in the first quarter of 2017 were restructuring costs of $8 million, primarily resulting from Great-West Financial executing a restructuring action to right-size the cost structure and better position the business competitively following the finalization of the Empower Retirement integration activities.” 10-K for 2017
Empower Annuity Insurance Co of America 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 Empower Annuity Insurance Co of America’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 2018-02-28. 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.