HD Supply Holdings layoffs, on the record
Every job cut, severance charge and restructuring HD Supply Holdings reported in its annual reports, 2018 to 2020, quoted from the filings. Headcount went from approximately 11,000 to approximately 11,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2018 | approximately 11,000 | January 28, 2018 |
| 10-K for 2019 | approximately 11,500 | February 3, 2019 |
| 10-K for 2020 | approximately 11,500 | February 2, 2020 |
Job cuts, severance and restructuring
Our summaryFiscal 2017 restructuring plan started after the Waterworks sale, reducing workforce personnel and realigning talent, with $6 million of charges mainly for severance and employee costs.
Word for word“As a result of the sale of the Waterworks business in August 2017, management evaluated the Company's talent alignment and functional support strategies.” 10-K for 2018
Our summaryFiscal 2017 plan also closed a C&I branch and included further workforce realignment and relocation of headquarters planned for early 2018.
Word for word“During fiscal 2017, management initiated a restructuring plan that included reducing workforce personnel, realigning talent, and closing a C&I branch, resulting in the recognition of $6 million of restructuring charges, primarily related to severance and other employee-related costs.” 10-K for 2018
Our summaryFiscal 2015 restructuring plan to align leadership and functional support teams after the Power Solutions sale, completed in fiscal 2016.
Word for word“During fiscal 2016, we accelerated and expanded the restructuring plan, incurring $18 million of restructuring charges, offset by a net gain of approximately $11 million related to real estate transactions under the plan.” 10-K for 2018
Our summaryFiscal 2017 restructuring plan after the Waterworks sale: reduced workforce personnel, realigned talent, and relocated headquarters, completed in Q2 2018 with total charges of $15 million across fiscal 2017 and 2018.
Word for word“As a result of the sale of the Waterworks business in fiscal 2017, management evaluated the Company's talent alignment and functional support strategies.” 10-K for 2019
Our summaryFiscal 2017 restructuring plan included reducing workforce personnel, realigning talent, and closing a Construction & Industrial branch; fiscal 2018 charges were mainly lease costs with some severance.
Word for word“During fiscal 2018, the Company recognized $9 million of restructuring charges, primarily related to property lease obligations upon exiting the Company's previous headquarters location, and, to a lesser extent, severance and other employee-related costs.” 10-K for 2019
Our summaryFiscal 2017 restructuring plan recognized charges primarily for severance and other employee-related costs from workforce reduction.
Word for word“During fiscal 2017, management initiated a restructuring plan that included reducing workforce personnel and realigning talent resulting in the recognition of $6 million of restructuring charges, primarily related to severance and other employee-related costs.” 10-K for 2019
Our summaryAfter announcing the planned separation of its two businesses, the company made personnel changes and recorded restructuring and separation charges, mostly professional fees plus some severance.
Word for word“On September 24, 2019, the Company announced its intention to separate its Facilities Maintenance and Construction & Industrial businesses into two independent publicly traded companies with the separation expected to be completed in the middle of fiscal 2020.” 10-K for 2020
Our summaryAfter selling Waterworks, the company ran a restructuring plan that cut workforce personnel, realigned talent and moved its headquarters, finishing in the second quarter of fiscal 2018.
Word for word“Consequently, during the second half of fiscal 2017, management initiated a restructuring plan that included reducing workforce personnel and realigning talent.” 10-K for 2020
| Fiscal year ended | Restructuring charges |
|---|---|
| 2017-01-29 | $7 million |
| 2018-01-28 | $6 million |
| 2019-02-03 | $9 million |
| 2020-02-02 | $8 million |
HD Supply Holdings 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 HD Supply Holdings’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 2020-03-17. 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.