Neustar layoffs, on the record
Every job cut, severance charge and restructuring Neustar reported in its annual reports, 2014 to 2016, quoted from the filings. Headcount went from 1,576 to 1,988.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2014 | 1,576 | December 31, 2014 |
| 10-K for 2015 | 2,125 | December 31, 2015 |
| 10-K for 2016 | 1,988 | December 31, 2016 |
Job cuts, severance and restructuring
Our summaryCompany implemented a 2014 restructuring program to align its resources to serve clients more effectively, aligning sales and marketing teams into key industry verticals.
Word for word“Under this plan, the Company recorded restructuring charges of $6.5 million for the year ended December 31, 2014.” 10-K for 2014
Our summaryThe 2014 restructuring plan included severance and severance-related costs of $6,319 thousand, with lease and facility exit costs of $202 thousand, and the plan was complete as of December 31, 2014.
Word for word“As of December 31, 2014 the plan was complete and no further charges are expected.” 10-K for 2014
Our summaryCompany initiated a domestic work-force reduction under its 2011 restructuring plan, with severance charges recorded in 2012.
Word for word“During the year ended December 31, 2012, the Company incurred severance and severance-related charges of approximately $0.5 million under this plan.” 10-K for 2014
Our summaryCompany initiated a 2015 restructuring program in the fourth quarter to create greater efficiencies, recording severance and severance-related charges.
Word for word“In the fourth quarter of 2015, the Company initiated a restructuring program to create greater efficiencies.” 10-K for 2015
Our summaryCompany recorded restructuring charges under the 2015 plan, consisting of severance and severance-related costs, with the plan now complete.
Word for word“The Company recorded restructuring charges of $3.9 million for the year ended December 31, 2015 in connection with this plan.” 10-K for 2015
Our summaryIn 2016 the company started restructuring programs to gain efficiencies from integrating recent acquisitions and reviewing its go-to-market strategy, and recorded restructuring charges.
Word for word“During the year ended December 31, 2016, the Company initiated restructuring programs to achieve efficiencies in connection with the integration of recent acquisitions and review of the Company's go-to-market strategy.” 10-K for 2016
Our summaryThe company reported that its 2015 restructuring program was put in place in the fourth quarter to create greater efficiencies, and it recorded related charges in 2015.
Word for word“Restructuring charges recorded during 2015 were related to our 2015 restructuring program, which was implemented in the fourth quarter to create greater efficiencies.” 10-K for 2016
Our summaryThe company said its 2014 restructuring program, which aligned resources to serve clients more effectively, produced charges in 2014 and was completed that year.
Word for word“Restructuring charges recorded during 2014 were related to our 2014 restructuring program, which aligned our resources to serve our clients more effectively.” 10-K for 2016
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $14.7 million | $14.8 million | $13.8 million |
Neustar 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 Neustar’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-03-01. 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.