Infor layoffs, on the record
Every job cut, severance charge and restructuring Infor reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from approximately 15,970 to approximately 17,380.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2017 | approximately 15,970 | April 30, 2017 |
| 10-K for 2018 | approximately 16,680 | April 30, 2018 |
| 10-K for 2019 | approximately 17,380 | April 30, 2019 |
Job cuts, severance and restructuring
Our summaryInfor recorded fiscal 2017 restructuring costs for employee severance across all functions and regions, mainly in the Americas and EMEA, plus facility exit charges.
Word for word“During fiscal 2017, we incurred restructuring costs of $39.5 million related to employee severance costs for personnel actions taken across all functions and all geographic regions, primarily in the Americas and EMEA, and for facility charges related to exiting or consolidation of space in facilities primarily in the Americas region.” 10-K for 2017
Our summaryInfor recorded fiscal 2016 restructuring charges for employee severance across all functions and geographies, plus facility exit charges.
Word for word“In fiscal 2017, we incurred restructuring charges of $39.5 million compared to $28.0 million in fiscal 2016 and $5.7 million in fiscal 2015.” 10-K for 2017
Our summaryInfor recorded fiscal 2015 restructuring charges for employee severance in its sales and professional services organizations, mainly in EMEA, and in product development, mainly in APAC.
Word for word“The restructuring charges recorded in fiscal 2015 were related to employee severance costs for personnel in our sales and professional services organizations primarily in our EMEA region as well as personnel in our product development organization primarily in our APAC region.” 10-K for 2017
Our summaryInfor recorded fiscal 2017 acquisition-related restructuring costs for severance on redundant positions and facility charges at current-year acquisitions.
Word for word“During fiscal 2017, we incurred acquisition-related restructuring costs of $1.4 million related to the operations of our current year acquisitions.” 10-K for 2017
Our summaryInfor engaged an outside consulting firm for restructuring advisory services across all operations and geographies.
Word for word“During fiscal 2016, we engaged an outside consulting firm to provide restructuring advisory services focusing on all areas of our operations across all geographies.” 10-K for 2017
Our summaryInfor recorded restructuring charges in fiscal 2018 for employee severance and facilities, with severance primarily for personnel actions in professional services and sales in the Americas and EMEA.
Word for word“The restructuring charges recorded in fiscal 2018 included approximately $16.5 million related to employee severance costs and $2.1 million in accruals for costs related to facilities to be exited.” 10-K for 2018
Our summaryInfor recorded restructuring charges in fiscal 2017 for employee severance across all functions and regions, plus facility exits, mainly in the Americas and EMEA.
Word for word“The restructuring charges recorded in fiscal 2017 included approximately $35.6 million related to employee severance costs and $3.9 million in accruals for costs related to facilities to be exited.” 10-K for 2018
Our summaryInfor recorded restructuring charges in fiscal 2016 for employee severance for personnel in all functions and geographies, plus facility exits.
Word for word“The restructuring charges recorded in fiscal 2016 were related to employee severance costs for personnel in all functions and across all geographies as well as charges related to exiting or consolidating space in certain leased facilities.” 10-K for 2018
Our summaryInfor recorded $0.2 million of severance for fiscal 2018 acquisition-related actions tied to the Birst Acquisition.
Word for word“During fiscal 2018, we incurred restructuring costs of $0.2 million in employee severance costs related to the Birst Acquisition and we made cash payments of approximately $0.2 million.” 10-K for 2018
Our summaryInfor made cash payments on its fiscal 2018 restructuring actions and expects to complete the remaining actions in fiscal 2019.
Word for word“During fiscal 2018, we made cash payments of approximately $10.1 million related to these actions.” 10-K for 2018
Our summaryIn fiscal 2019 the company recorded restructuring charges, mostly employee severance and facility exit costs.
Word for word“In fiscal 2019, we incurred restructuring charges of $32.5 million compared to $18.6 million in fiscal 2018 and $39.5 million in fiscal 2017.” 10-K for 2019
Our summaryFiscal 2019 restructuring included employee severance costs and accruals for facilities to be exited.
Word for word“The restructuring charges recorded in fiscal 2019 included approximately $24.0 million related to employee severance costs and $8.5 million in accruals for costs related to facilities to be exited.” 10-K for 2019
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2017-04-30 | $39.5 million | $40.9 million | $37.2 million |
| 2018-04-30 | $18.6 million | $18.2 million | $26.4 million |
| 2019-04-30 | $32.5 million | $28.1 million | $23.6 million |
Infor 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 Infor’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2019-06-25. 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.