Molecular Data layoffs, on the record
Every job cut, severance charge and restructuring Molecular Data reported in its annual reports, 2019 to 2020, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company said it may implement a temporary layoff plan and plans to optimize its employee structure.
Word for word“We also plan to optimize our employee structure and may implement a temporary layoff plan.” 20-F for 2019
Our summaryThe company said it plans to optimize its employee structure and may carry out a temporary layoff plan, and that it has been delaying salary payments since March 2020.
Word for word“We have been delaying our salary payments since March 2020. We also plan to optimize our employee structure and may implement a temporary layoff plan. Moreover, we have entered into credit facility agreements with banks in 2020 to improve our liquidity.” 20-F for 2020
Molecular Data 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 Molecular Data’s annual reports (20-F for 2020, 20-F for 2019) and the financial data it files with the SEC, as of 2021-05-17. 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.