Line layoffs, on the record
Every job cut, severance charge and restructuring Line reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from 4,345 to 6,998.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2017 | 4,345 | December 31, 2017 |
| 20-F for 2018 | 5,595 | December 31, 2018 |
| 20-F for 2019 | 6,998 | December 31, 2019 |
Job cuts, severance and restructuring
Our summaryAbandoned the MixRadio business, recording employee termination benefits as restructuring costs.
Word for word“We also incurred additional restructuring costs of ¥1,165 million for employee termination benefits and ¥126 million for the termination of office lease contracts in 2016 as a result of the abandonment of the MixRadio operations.” 20-F for 2017
Our summaryThe company wound down MixRadio operations, recording employee termination benefits and office lease termination costs as restructuring expenses in 2016.
Word for word“We also incurred additional restructuring costs of ¥1,165 million for employee termination benefits and ¥126 million for the termination of office lease contracts in 2016 as a result of the liquidation of the MixRadio operations.” 20-F for 2018
Line 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 Line’s annual reports (20-F for 2019, 20-F for 2018, 20-F for 2017) and the financial data it files with the SEC, as of 2020-03-27. 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.