Snap One Holdings layoffs, on the record
Every job cut, severance charge and restructuring Snap One Holdings reported in its annual reports, 2021 to 2023, quoted from the filings. Headcount went from 1,492 to 1,610.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2021 | 1,492 | December 31, 2021 |
| 10-K for 2022 | 1,652 | December 30, 2022 |
| 10-K for 2023 | 1,610 | December 29, 2023 |
Job cuts, severance and restructuring
Our summaryThe filing says that costs in fiscal 2020 included certain restructuring costs, such as severance, tied to the Control4 acquisition and other transaction advisory fees.
Word for word“These costs also include certain restructuring costs (e.g., severance) and other third-party transaction advisory fees associated with the acquisitions.” 10-K for 2021
Our summaryThe filing describes acquisition and integration related costs that also include certain restructuring costs such as severance, without reporting a specific layoff program.
Word for word“These costs also include certain restructuring costs (e.g., severance) and other third-party transaction advisory fees associated with planned and completed acquisitions.” 10-K for 2022
Our summaryThe filing lists non-recurring expenses for consulting, restructuring and other items in its Adjusted EBITDA reconciliation, without describing a specific workforce reduction.
Word for word“(k) Represents non-recurring expenses related to consulting, restructuring, and other expenses which management believes are not representative of our operating performance.” 10-K for 2022
Our summaryThe company took several restructuring actions in fiscal 2023, including a warehouse relocation, departmental reorganization and a workforce reduction, which together cut headcount by about 5%.
Word for word“The cumulative impact of these actions resulted in an approximately 5% reduction in workforce in fiscal year 2023.” 10-K for 2023
Our summaryThe company reported severance costs tied to restructuring actions such as warehouse relocation, departmental reorganization and a focused reduction in workforce.
Word for word“(a) Severance cost associated with various restructuring actions such as warehouse relocation, departmental reorganization, and focused reduction in workforce.” 10-K for 2023
Snap One 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 Snap One Holdings’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-03-08. 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.