Ppd layoffs, on the record
Every job cut, severance charge and restructuring Ppd reported in its annual reports, 2019 to 2020, quoted from the filings. Headcount went from more than 23,000 to more than 26,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2019 | more than 23,000 | As of December 31, 2019 |
| 10-K for 2020 | more than 26,000 | December 31, 2020 |
Job cuts, severance and restructuring
Our summaryThe filing says the company has adopted and implemented restructuring plans and cost-saving initiatives in the past few years, without giving specific amounts or headcount cuts.
Word for word“In the past few years, we have adopted and implemented restructuring plans and cost-saving initiatives designed to, among other things, improve our operating efficiencies, match our capacity with market demand and reduce costs.” 10-K for 2019
Our summaryThe filing reports that SG&A expenses for 2018 were lower because of reduced stock-based compensation, severance and other related costs compared with 2017.
Word for word“SG&A expenses increased $3.7 million to $813.0 million for the year ended December 31, 2018 as compared to the same period in 2017 .” 10-K for 2019
Ppd 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 Ppd’s annual reports (10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2021-02-26. 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.