Kraton layoffs, on the record
Every job cut, severance charge and restructuring Kraton reported in its annual reports, 2019 to 2021, quoted from the filings. Headcount went from 1,944 to 1,751.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2019 | 1,944 | As of December 31, 2019 |
| 10-K for 2020 | 1,808 | December 31, 2020 |
| 10-K for 2021 | 1,751 | December 31, 2021 |
Job cuts, severance and restructuring
Our summaryCompany divested its Cariflex business, which drove a disposition and exit charge and related restructuring and transaction costs.
Word for word“The $12.1 million increase is primarily attributable to higher transaction, acquisition, and restructuring costs related to the divestiture of our Cariflex business and higher employee related costs, partially offset by reduced fixed costs initiatives.” 10-K for 2020
Our summaryCompany reported severance expenses and other restructuring related charges within its transaction and restructuring cost line.
Word for word“Charges related to the evaluation of acquisition and disposition transactions, severance expenses, and other restructuring related charges, which are recorded primarily in selling, general, and administrative expenses.” 10-K for 2020
Our summaryThe company recorded charges for acquisition evaluation, severance expenses and other restructuring costs, mostly within selling, general and administrative expenses.
Word for word“(b) Charges related to the evaluation of acquisition and disposition transactions, severance expenses, and other restructuring related charges, which are recorded primarily in selling, general, and administrative expenses.” 10-K for 2021
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $2.4 million |
| 2017-12-31 | $7.5 million |
| 2018-12-31 | $3 million |
| 2019-12-31 | $1.3 million |
Kraton 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 Kraton’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-24. 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.