Station Casinos layoffs, on the record
Every job cut, severance charge and restructuring Station Casinos reported in its annual reports, 2014 to 2016, quoted from the filings. Headcount went from approximately 11,600 to approximately 13,650.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2014 | approximately 11,600 | February 28, 2015 |
| 10-K for 2015 | approximately 11,700 | January 31, 2016 |
| 10-K for 2016 | approximately 13,650 | January 31, 2017 |
Job cuts, severance and restructuring
Our summaryThe company recorded severance expense within write-downs and other charges, net for 2014.
Word for word“Write-downs and Other Charges, Net Write-downs and other charges, net include various charges to record net losses on asset disposals and non-routine transactions.” 10-K for 2014
Our summaryThe company recorded severance expense in 2016, mostly related to the acquisition of Palms.
Word for word“Severance expense for the year ended December 31, 2016 primarily relates to the acquisition of Palms.” 10-K for 2016
| Fiscal year ended | Severance costs |
|---|---|
| 2016-12-31 | $3.3 million |
Station Casinos 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 Station Casinos’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-03-08. 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.