Extended Stay America layoffs, on the record
Every job cut, severance charge and restructuring Extended Stay America reported in its annual reports, 2018 to 2020, quoted from the filings. Headcount went from approximately 8,100 to approximately 7,400.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2018 | approximately 8,100 | — |
| 10-K for 2019 | approximately 7,900 | — |
| 10-K for 2020 | approximately 7,400 | — |
Job cuts, severance and restructuring
Our summaryThe company reported severance and other corporate transition costs and legal settlements within general and administrative expenses for 2019.
Word for word“This increase was due to severance and other corporate transition costs and legal settlements totaling $10.1 million, partially offset by a decrease in compensation expense of $3.4 million and professional fees of $2.4 million.” 10-K for 2019
Extended Stay 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 Extended Stay America’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2021-02-25. 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.