GrubHub layoffs, on the record
Every job cut, severance charge and restructuring GrubHub reported in its annual reports, 2018 to 2020, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2018 | approximately 2,722 full-time equivalent employees | February 15, 2019 |
| 10-K for 2019 | approximately 2,714 full-time equivalent employees | As of February 14, 2020 |
| 10-K for 2020 | approximately 2,841 full-time equivalent employees | February 19, 2021 |
Job cuts, severance and restructuring
Our summaryGrubhub recognized acquisition-related and non-recurring restructuring costs in each quarter of 2018, recorded within general and administrative expenses.
Word for word“During the three months ended March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018, the Company recognized acquisition-related and non-recurring restructuring costs of $1.3 million, $1.3 million, $3.0 million and $2.0 million, respectively, within general and administrative expenses in the consolidated statements of operations.” 10-K for 2018
Our summaryThe company recorded acquisition and restructuring costs in 2019, including a restructuring component of costs recognized quarterly within general and administrative expenses.
Word for word“During the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019, the Company recognized acquisition-related and non-recurring restructuring costs of $0.5 million, $1.3 million, $1.3 million and $1.0 million, respectively, within general and administrative expenses in the consolidated statements of operations” 10-K for 2019
Our summaryThe company reported total 2019 acquisition and restructuring costs as a line item in its Adjusted EBITDA reconciliation.
Word for word“Acquisition, restructuring and legal costs (a) 4,105 7,578 9,642 Stock-based compensation (b) 72,879 55,261 32,748 Adjusted EBITDA $ 186,150 $ 233,742 $ 183,988 (a) Acquisition and restructuring costs include transaction and integration-related costs, such as legal and accounting costs, associated with acquisition and restructuring initiatives.” 10-K for 2019
Our summaryGeneral and administrative expense rose partly because restructuring costs increased, mainly from closing certain offices.
Word for word“The increase was primarily attributable to a $12.5 million legal settlement accrual recorded during the year ended December 31, 2020 (see Part II, Item 8, Note 10, Commitments and Contingencies , for additional details), as well as a $9.4 million increase in merger and acquisition expenses primarily related to the Transaction, a $6.9 million increase in restructuring costs primarily related to the closure of certain offices and certain miscellaneous expenses to support the growth of the business.” 10-K for 2020
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $0 |
GrubHub 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 GrubHub’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 2021-03-01. 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.