EnLink Midstream Partners layoffs, on the record
Every job cut, severance charge and restructuring EnLink Midstream Partners reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from 1,494 to 1,355.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2017 | 1,494 | December 31, 2017 |
| 10-K for 2018 | 1,449 full-time employees | As of December 31, 2018 |
| 10-K for 2019 | 1,355 | December 31, 2019 |
Job cuts, severance and restructuring
Our summaryThe company recorded $2.8 million of severance expense tied to an organizational realignment in 2018, included in general and administrative expenses.
Word for word“Wages and salaries increased due to a $9.3 million increase in bonus expense as a result of strong financial performance and $2.8 million in severance expense related to an organizational realignment in 2018;” 10-K for 2018
Our summaryThe company recorded severance costs in 2019 tied to an executive departure and a reduction in workforce, up from the prior year.
Word for word“Labor and benefit costs for the year ended December 31, 2019 included severance costs of $7.0 million, driven by an executive departure and a reduction in workforce, compared to $3.0 million in severance costs for the year ended December 31, 2018.” 10-K for 2019
EnLink Midstream Partners 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 EnLink Midstream Partners’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 2020-02-26. 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.