Phoenix Tree Holdings layoffs, on the record
Every job cut, severance charge and restructuring Phoenix Tree Holdings reported in its annual reports, 2019, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2019 | 1,610, 6,676 and 4,506 | December 31, 2017, 2018 and 2019 |
Job cuts, severance and restructuring
Our summaryThe company outsourced some of its sales and marketing function to third-party service providers in 2019, which mainly explains the drop in employee numbers from 2018 to 2019.
Word for word“The decrease in the number of employees as of December 31, 2019 as compared to the number as of December 31, 2018 was primarily because we outsourced some of our sales and marketing function to third-party service providers in 2019.” 20-F for 2019
Phoenix Tree Holdings 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 Phoenix Tree Holdings’s annual reports (20-F for 2019) and the financial data it files with the SEC, as of 2020-04-29. 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.