Smart & Final Stores layoffs, on the record
Every job cut, severance charge and restructuring Smart & Final Stores reported in its annual reports, 2017 to 2018, quoted from the filings. Headcount went from 11,949 to 12,232.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2017 | 11,949 | January 1, 2017 |
| 10-K for 2017 | 11,864 | December 31, 2017 |
| 10-K for 2018 | 12,232 | December 30, 2018 |
Job cuts, severance and restructuring
Our summaryThe filing reports $3.3 million of severance costs within increased operating and administrative expenses for fiscal 2017.
Word for word“The increase in operating and administrative expenses was primarily due to $31.9 million of increased wages, fringe benefits and incentive bonus costs, $2.0 million of increased other store direct expenses, $1.8 million of increased share-based compensation expense associated with our equity compensation program, and $9.1 million of increased other costs (mainly due to $3.3 million of severance costs, $3.7 million of consulting costs, legal costs and system upgrade costs).” 10-K for 2017
Smart & Final Stores 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 Smart & Final Stores’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2017) and the financial data it files with the SEC, as of 2019-03-15. 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.