Neighborhood Intelligence layoffs, on the record
Every job cut, severance charge and restructuring Neighborhood Intelligence reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company carried out a reduction in force, a workforce reduction, during 2023.
Word for word“We also underwent changes to our workforce in 2023 when we had a reduction in force.” 10-K for 2023
Our summaryGeneral and administrative expenses rose in 2023 partly because of severance costs, though the filing does not state the severance amount.
Word for word“The $10.7 million increase in general and administrative expenses for the year ended December 31, 2023, as compared to the same period in 2022, was primarily due to increased legal fees, Bed Bath & Beyond brand integration expenses, and severance.” 10-K for 2023
Our summaryTechnology expenses fell in 2024 mainly from lower staff-related costs, partly offset by one-time restructuring costs.
Word for word“The $2.6 million decrease in technology expenses for the year ended December 31, 2024, as compared to the same period in 2023, was primarily due to a reduction in staff-related expenses, partially offset by one-time restructuring costs.” 10-K for 2024
Our summaryGeneral and administrative expenses fell in 2024 mainly from lower staff-related and third-party costs, partly offset by one-time restructuring costs.
Word for word“The $16.0 million decrease in general and administrative expenses for the year ended December 31, 2024, as compared to the same period in 2023, was primarily due to a reduction in staff-related and third-party expenses, partially offset by one-time restructuring costs.” 10-K for 2024
Our summaryGeneral and administrative expenses fell because of the company's organizational restructuring and cost savings initiatives, which cut staff-related and third-party expenses.
Word for word“The decrease was primarily due to a $15.7 million reduction in staff-related expenses and a $2.8 million reduction in third-party expenses driven by our organizational restructuring and cost savings initiatives.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $0 |
Neighborhood Intelligence 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 Neighborhood Intelligence’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-24. 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.