SIGNA Sports United layoffs, on the record

Headcount, as reported

Job cuts, severance and restructuring

1. Our summaryReorganization and restructuring initiatives across the segments included severance costs and restructuring costs, reported as part of reorganization and restructuring costs. fiscal years ended September 30, 2021 and 2020 · Cost: severance costs in the amount of €2.8 million

   Word for word“Reorganization and restructuring costs represent fees and costs associated with various internal reorganization and restructuring initiatives across the SSU’s segments, including severance costs in the amount of €2.8 million and €0.9 million in the fiscal years ended September 30, 2021 and 2020, respectively, restructuring costs in the amount of €4.0 million and €1.0 million in the fiscal years ended September 30, 2021 and 2020, respectively.” 20-F for 2021

2. Our summaryThe company and Wiggle have incurred and expect to continue to incur reorganization, restructuring and severance-related costs in connection with integrating Wiggle.

   Word for word“These include financial advisory, legal, accounting, consulting and other advisory fees and expenses, investments in IT, business continuity and the adaptation of quality, health, safety & environment systems, reorganization and restructuring costs, severance/employee benefit-related expenses, public company filing fees and other regulatory expenses and related charges.” 20-F for 2021

3. Our summaryThe company recorded restructuring costs of €18.5 million in fiscal 2022, alongside share listing expenses, as part of various internal reorganization and restructuring initiatives across its segments. fiscal year ended September 30, 2022

   Word for word“(3) Reorganization and restructuring costs represent fees and costs associated with various internal reorganization and restructuring initiatives across the SSU’s segments, including share listing expenses of € 121.9 million and restructuring costs of € 18.5 million in the fiscal year ended September 30, 2022.” 20-F for 2022

4. Our summaryIn fiscal 2021, reorganization and restructuring costs were mainly severance costs and restructuring costs. fiscal year ended September 30, 2021 · Cost: severance costs in the amount of € 2.8 million and restructuring costs in the amount of € 4.0 million

   Word for word“In the fiscal year ended September 30, 2021, reorganization and restructuring costs consisted mainly of severance costs in the amount of € 2.8 million and restructuring costs in the amount of € 4.0 million.” 20-F for 2022

SIGNA Sports United 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 SIGNA Sports United’s annual reports (20-F for 2022, 20-F for 2021, 20-F for 2021) and the financial data it files with the SEC, as of 2023-02-07. 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.