Splunk layoffs, on the record
Every job cut, severance charge and restructuring Splunk reported in its annual reports, 2021 to 2023, quoted from the filings. Headcount went from over 6,500 to nearly 8,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2021 | over 6,500 | January 31, 2021 |
| 10-K for 2022 | over 7,000 | January 31, 2022 |
| 10-K for 2023 | nearly 8,000 | January 31, 2023 |
Job cuts, severance and restructuring
Our summaryThe filing reports restructuring and facility exit charges in its non-GAAP reconciliation for fiscal 2021, which are excluded from non-GAAP results.
Word for word“The following table reconciles our GAAP to non-GAAP financial measures for the fiscal year ended January 31, 2021: (In thousands, except per share amounts) GAAP Stock-based compensation and related employer payroll tax Amortization of intangible assets Acquisition-related adjustments Restructuring and facility exit charges Capitalized software development costs Non-cash interest expense related to convertible senior notes Impairment of strategic investment Income tax adjustment (4) Non-GAAP Cloud services cost of revenues $ 252,290 $ (11,026) $ (23,169) $ — $ 28 $ — $ — $ — $ — $ 218,123 Cloud services gross margin 54.5 % 2.0 % 4.1 % — % — % — % — % — % — % 60.6 % Cost of revenues 547,345 (58,828) (40,245) — (240) (1,188) — — — 446,844 Gross margin 75.4 % 2.6 % 1.9 % — % — % 0.1 % — % — % — % 80.0 % Research and development 791,026 (278,677) (25) — (5,856) 14,602 — — — 521,070 Sales and marketing 1,336,056 (206,380) (17,745) — (1,168) — — — — 1,110,763 General and administrative 335,144 (95,545) — (3,342) (518) — — — — 235,739 Operating loss (780,186) 639,430 58,015 3,342 7,782 (13,414) — — — (85,031) Operating margin (35.0) % 28.7 % 2.7 % 0.1 % 0.3 % (0.6) % — % — % — % (3.8) % Income tax provision (benefit) 6,932 — — — — — — — (28,711) (21,779) Net loss $ (907,980) $ 639,430 $ 58,015 $ 3,342 $ 8,258 (2) $ (13,414) $ 92,024 (3) $ 4,500 $ 28,711 $ (87,114) Net loss per share (1) $ (5.68) $ 4.00 $ 0.35 $ 0.02 $ 0.05 $ (0.08) $ 0.58 $ 0.03 $ 0.18 $ (0.55) _________________________ (1) Calculated based on 159,744 weighted-average shares of common stock.” 10-K for 2021
Our summarySplunk announced a plan of reorganization affecting about 4 percent of its global workforce, mostly in North America.
Word for word“On February 1, 2023, we announced a plan of reorganization (the “Plan”) involving approximately 4 percent of our global workforce, mostly in North America.” 10-K for 2023
Our summarySplunk estimated the charges and future cash spending for the reorganization plan, mainly severance, retention payments, benefits, transition costs and share-based compensation.
Word for word“We estimate that we will incur approximately $ 28 million in charges and future cash expenditures in connection with the Plan, consisting primarily of cash expenditures related to severance payments, certain retention payments (for roles being moved to lower cost regions), employee benefits and employee transition costs, as well as non-cash charges for share-based compensation expense.” 10-K for 2023
| Fiscal year ended | Cash paid for restructuring |
|---|---|
| 2018-01-31 | $3.1 million |
| 2019-01-31 | $204,000 |
Splunk filed 2 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Splunk’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 2023-03-23. 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.