Scripps Networks Interactive layoffs, on the record
Every job cut, severance charge and restructuring Scripps Networks Interactive reported in its annual reports, 2015 to 2017, quoted from the filings. Headcount went from approximately 3,500 to approximately 3,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2015 | approximately 3,500 | December 31, 2015 |
| 10-K for 2016 | approximately 3,600 | December 31, 2016 |
| 10-K for 2017 | approximately 3,600 | December 31, 2017 |
Job cuts, severance and restructuring
Our summaryCompany initiated a Restructuring Plan offering voluntary early retirement and eliminating certain positions, with closure of its Cincinnati office planned for 2015.
Word for word“During the fourth quarter of 2014, we announced a plan to provide qualified employees with voluntary early retirement packages and notified employees of the elimination of certain positions within the Company (the “Restructuring Plan”).” 10-K for 2015
Our summaryCompany announced a Reorganization to integrate the networks, including relocating certain employees to Knoxville, TN headquarters during 2016.
Word for word“As part of the Reorganization, the Company announced it would be relocating certain employees to its Knoxville, TN headquarters during 2016.” 10-K for 2015
Our summaryRestructuring Plan was substantially completed by year end 2015.
Word for word“The Restructuring Plan was substantially completed as of December 31, 2015.” 10-K for 2015
Our summaryCompany executed a Restructuring Plan in Q4 2014 offering voluntary early retirement packages and eliminating certain positions, and announced closure of the Cincinnati office; the plan was reported complete as of December 31, 2016.
Word for word“During the fourth quarter of 2014, we executed the Restructuring Plan and provided qualified employees with voluntary early retirement packages and notified employees of the elimination of certain positions within the Company.” 10-K for 2016
Our summaryCompany ran a domestic networks integration reorganization under which it relocated certain employees, incurring severance, retention, benefits and relocation expense.
Word for word“As part of the Reorganization, we announced we would be relocating certain employees during 2016.” 10-K for 2016
Our summaryCompany recorded a liability for Restructuring Plan and Reorganization severance and related costs, which was fully paid out by the end of 2016 for the Restructuring Plan.
Word for word“The Restructuring Plan was complete as of December 31, 2016.” 10-K for 2016
Our summaryIn late 2014 the company ran a Restructuring Plan that offered voluntary early retirement packages, eliminated certain positions, and moved some roles from Cincinnati to Knoxville.
Word for word“Restructuring Plan During the fourth quarter of 2014, we executed the Restructuring Plan and provided qualified employees with voluntary early retirement packages and notified employees of the elimination of certain positions within the Company.” 10-K for 2017
Our summaryThe company announced it would close its Cincinnati office and move certain positions to its Knoxville headquarters.
Word for word“We also announced that we would be closing our Cincinnati office location in late 2015 and relocating 74 certain positions to our Knoxville headquarters.” 10-K for 2017
Our summaryThe company reported that the Restructuring Plan was finished in the fourth quarter of 2016.
Word for word“The Restructuring Plan was complete d in the fourth quarter of 2016.” 10-K for 2017
Scripps Networks Interactive 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 Scripps Networks Interactive’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-02-27. 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.