IBM Credit layoffs, on the record
Every job cut, severance charge and restructuring IBM Credit reported in its annual reports, 2018 to 2020, quoted from the filings. Headcount went from approximately 2,500 to approximately 2,100.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2018 | approximately 2,500 | December 31, 2018 |
| 10-K for 2019 | approximately 2,200 | December 31, 2019 |
| 10-K for 2020 | approximately 2,100 | At December 31, 2020 |
Job cuts, severance and restructuring
None of IBM Credit’s annual reports for 2018 to 2020 describes a layoff, workforce reduction or restructuring.
IBM Credit 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 IBM Credit’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 2021-02-26. 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.