Gannett Media layoffs, on the record
Every job cut, severance charge and restructuring Gannett Media reported in its annual reports, 2016 to 2018, quoted from the filings. Headcount went from approximately 17,100 to approximately 13,700.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2016 | approximately 17,100 | December 25, 2016 |
| 10-K for 2017 | approximately 15,300 | December 31, 2017 |
| 10-K for 2018 | approximately 13,700 | December 31, 2018 |
Job cuts, severance and restructuring
Our summaryEarly Retirement Opportunity Programs (EROP) were initiated in 2015 for USA TODAY employees and employees in certain corporate departments and publishing sites, with expenses recorded in 2016.
Word for word“In 2015, we had Early Retirement Opportunity Programs (EROP) for our USA TODAY employees and employees in certain corporate departments and publishing sites.” 10-K for 2016
Our summaryOther employee termination actions tied to facility consolidation, cost efficiency efforts and an ongoing severance plan were recorded as severance expenses.
Word for word“We recorded severance-related expenses of $42.7 million in 2016 , $30.2 million in 2015 , and $19.8 million in 2014 related to these other actions.” 10-K for 2016
Our summarySeverance-related charges, including the early retirement program, were taken in connection with workforce reductions tied to facility consolidation, outsourcing and a general cost structure program.
Word for word“These charges were taken in connection with workforce reductions related to facility consolidation and outsourcing efforts and as part of a general program to fundamentally change our cost structure.” 10-K for 2016
Our summaryFacility consolidation and asset impairment charges were recorded, including facility consolidation efforts.
Word for word“For each year presented, we recognized charges related to facility consolidation efforts and, in certain of these periods, we also recorded non-cash impairment charges to assets and certain investments in which we hold a noncontrolling interest which are accounted for under the equity and cost methods of accounting.” 10-K for 2016
Our summaryCompany ran a series of individual restructuring programs to right size its employee base and improve operations, and recorded restructuring costs in 2017.
Word for word“In conjunction with these programs, we incurred restructuring costs of $44.3 million in 2017 , $45.8 million in 2016 , and $77.4 million in 2015 .” 10-K for 2017
Our summaryCompany recorded severance-related expenses tied to its restructuring programs, including publishing, corporate and ReachLocal segments.
Word for word“In 2017 , we recorded severance-related expenses of $37.0 million .” 10-K for 2017
Our summaryCompany recorded severance-related expenses in 2016, mostly in publishing.
Word for word“In 2016 , we recorded severance-related expenses of $43.5 million .” 10-K for 2017
Our summaryCompany recorded severance-related expenses in 2015, mostly in publishing.
Word for word“In 2015 , we recorded severance-related expenses of $72.3 million .” 10-K for 2017
Our summaryCompany made severance payments that reduced its severance liability during 2017.
Word for word“Payments (45,102 ) Expense 37,013 Adjustments — Balance at December 31, 2017 $ 10,562 Facility consolidation charges: In 2017 , we recorded facility consolidation charges of $7.3 million .” 10-K for 2017
Our summaryCompany recorded facility consolidation charges, including accelerated depreciation tied to its facility consolidation and restructuring activity.
Word for word“In addition, we incurred accelerated depreciation of $44.0 million , which is included in depreciation expense.” 10-K for 2017
Our summaryGannett offered an early retirement program to certain employees in its Domestic Publishing and Corporate units and recorded severance costs for it in 2018.
Word for word“In 2018 , we offered an early retirement opportunity program (EROP) for certain employees in our Domestic Publishing and Corporate units for which $27.8 million of severance costs were incurred and are included in the severance costs above.” 10-K for 2018
Our summaryGannett ran a series of restructuring programs to right size its workforce and improve operations, and reported restructuring costs for 2018, 2017 and 2016.
Word for word“In conjunction with these programs, we incurred restructuring costs of $67.9 million in 2018 , $44.3 million in 2017 , and $45.8 million in 2016 .” 10-K for 2018
Our summaryGannett reported severance costs included within its restructuring costs for 2018, 2017 and 2016.
Word for word“Included in these restructuring costs are severance costs of $51.1 million in 2018 , $37.0 million in 2017 , and $43.5 million in 2016 .” 10-K for 2018
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-25 | $42.7 million | $45.8 million | $68.4 million |
| 2017-12-31 | — | $44.3 million | — |
| 2018-12-31 | — | $67.9 million | — |
Gannett Media 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 Gannett Media’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-27. 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.