Mirror Merger Sub 2 layoffs, on the record
Every job cut, severance charge and restructuring Mirror Merger Sub 2 reported in its annual reports, 2018 to 2020, quoted from the filings. Headcount went from 1,764 to 1,983.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2018 | 1,764 | October 31, 2018 |
| 10-K for 2019 | 1,871 | October 31, 2019 |
| 10-K for 2020 | 1,983 | On October 31, 2020 |
Job cuts, severance and restructuring
Our summaryThe company recorded a one-time increase in severance costs tied to employee terminations in fiscal 2019.
Word for word“One-time severance costs associated with employee terminations, which are reflected in other compensation expense, totaled $10.2 million in fiscal 2019 in comparison to $1.5 million in fiscal 2018.” 10-K for 2019
Mirror Merger Sub 2 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 Mirror Merger Sub 2’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 2020-12-22. 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.