Liberty Expedia Holdings layoffs, on the record
Every job cut, severance charge and restructuring Liberty Expedia Holdings reported in its annual reports, 2016 to 2018, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2017 | approximately 22,615 full and part-time employees | December 31, 2017 |
| 10-K for 2018 | approximately 24,500 | December 31, 2018 |
Job cuts, severance and restructuring
Our summaryExpedia recognized restructuring and related reorganization charges tied to the migration of technology platforms and centralization of technology, supply and other operations, mainly for the Orbitz integration, with the charges primarily for employee severance and benefits.
Word for word“In connection with the migration of technology platforms and centralization of technology, supply and other operations, primarily related to previously disclosed acquisitions, Expedia recognized $56 million, $105 million and $26 million in restructuring and related reorganization charges during 2016, 2015 and 2014, respectively.” 10-K for 2016
Our summaryExpedia recognized restructuring charges in 2015 for the Orbitz integration, primarily employee severance and benefits.
Word for word“In connection with the migration of technology platforms and centralization of technology, supply and other operations, primarily related to acquisition integrations including Orbitz and the Wotif Group, we recognized $105 million in restructuring and related reorganization charges during 2015 as well as $26 million during the fourth quarter ended December 31, 2014.” 10-K for 2016
Our summaryExpedia expects further restructuring costs in 2016 related to the acquisition integrations.
Word for word“We expect to incur approximately $30 million to $40 million in 2016 related to these integrations.” 10-K for 2016
Our summaryExpedia's Orbitz integration restructuring charges in the period from the September 2015 acquisition date to December 31, 2015 were included in its results.
Word for word“On September 17, 2015, Expedia completed its acquisition of Orbitz.” 10-K for 2016
Our summaryExpedia stated it may again restructure portions of its global workforce to streamline its organization and improve its cost structure.
Word for word“Expedia has in the past, and may again in the future, restructure portions of its global workforce to simplify and streamline its organization, improve its cost structure and strengthen its overall businesses.” 10-K for 2016
Our summaryBodybuilding/Vitalize had certain executives resign and paid severance and retention costs, and closed a distribution center near Vitalize's headquarters.
Word for word“During the period certain executives resigned and payments of severance and other retention costs of approximately $1 million were paid to secure necessary talent to manage the business.” 10-K for 2016
Our summaryExpedia recognized restructuring and related reorganization charges tied to migrating technology platforms and centralizing technology, supply and other operations, mainly employee severance and benefits.
Word for word“In connection with the migration of technology platforms and centralization of technology, supply and other operations, primarily related to previously disclosed acquisitions, Expedia recognized $17 million, $56 million and $105 million in restructuring and related reorganization charges during 2017, 2016 and 2015, respectively.” 10-K for 2017
Our summaryExpedia stated it does not expect to incur material restructuring charges in 2018, excluding possible future acquisition integrations.
Word for word“Based on current plans, which are subject to change, and excluding any possible future acquisition integrations, Expedia does not expect to incur material restructuring charges in 2018.” 10-K for 2017
Our summaryExpedia recognized restructuring and related reorganization charges tied to migrating technology platforms and centralizing technology, supply and other operations after acquisitions, with none in 2018.
Word for word“However, during 2017 and 2016, in connection with the migration of technology platforms and centralization of technology, supply and other operations, primarily related to previously disclosed acquisitions, Expedia recognized $17 million and $56 million in restructuring and related reorganization charges, respectively.” 10-K for 2018
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $9 million |
| 2017-12-31 | $17 million |
Liberty Expedia 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 Liberty Expedia Holdings’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-08. 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.