Ferguson (Jersey) layoffs, on the record
Every job cut, severance charge and restructuring Ferguson (Jersey) reported in its annual reports, 2021 to 2023, quoted from the filings. Headcount went from approximately 36,000 to approximately 35,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | approximately 36,000 | July 31, 2022 |
| 10-K for 2023 | approximately 35,000 | July 31, 2023 |
Job cuts, severance and restructuring
Our summaryThe company reported business restructuring releases of previously anticipated COVID-19 cost actions in fiscal 2021, with fiscal 2020 business restructuring costs from cost actions in the United States and Canada.
Word for word“For fiscal 2021, business restructuring reflects the release of provisions in connection with previously anticipated COVID-19 cost actions recorded in fiscal 2020.” 10-K for 2022
Our summaryThe company recorded corporate restructuring costs, primarily the incremental costs of its listing in the United States.
Word for word“For fiscal 2022, 2021 and 2020, corporate restructuring costs primarily related to the incremental costs of the Company's listing in the United States.” 10-K for 2022
Our summaryThe company recorded charges for closing certain smaller, underperforming branches in the United States, along with a software impairment charge.
Word for word“(3) For fiscal 2023, impairments and other charges related to the $107 million in software impairment charges and $18 million in charges associated with the closure of certain smaller, underperforming branches in the United States.” 10-K for 2023
Our summaryThe company released provisions that were set aside for COVID-19 cost actions planned in fiscal 2020, which reduced restructuring costs in fiscal 2021.
Word for word“(1) For fiscal 2021, business restructuring reflects the release of provisions in connection with previously anticipated COVID-19 cost actions recorded in fiscal 2020.” 10-K for 2023
Our summaryThe company recorded corporate restructuring costs, mainly the added costs of listing its shares in the United States.
Word for word“(2) For fiscal 2022 and 2021, corporate restructuring costs primarily related to the incremental costs of the Company’s listing in the United States.” 10-K for 2023
Ferguson (Jersey) 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 Ferguson (Jersey)’s annual reports (10-K for 2023, 10-K for 2022, 20-F for 2021) and the financial data it files with the SEC, as of 2023-09-26. 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.