Stericycle layoffs, on the record
Every job cut, severance charge and restructuring Stericycle reported in its annual reports, 2021 to 2023, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2021 | over 15,000 | As of December 31, 2021 |
Job cuts, severance and restructuring
Our summaryThe company recorded operational optimization costs tied to discontinuing a service line in the U.K.
Word for word“During the year ended December 31, 2020, the Company recognized $ 3.1 million of Operational Optimization costs (see impairment related portion in table below) within our International segment related to the discontinuation of a service line in the U.K.” 10-K for 2021
Our summaryThe company recorded operational optimization costs in 2019.
Word for word“During the year ended December 31, 2019, the Company recognized $ 14.5 million of Operational Optimization costs (see impairment related portion in table below) .” 10-K for 2021
Our summaryThe company divested its Environmental Solutions operations in Canada, recording a divestiture gain.
Word for word“We divested our RWCS operations in Japan for proceeds of $11.3 million in the third quarter of 2021 and divested our Environmental Solutions operations in Canada for proceeds of $24.4 million in the fourth quarter of 2021, which are reported in International and North America, respectively.” 10-K for 2021
Our summaryCompany recorded Operational Optimization restructuring costs in its International segment for discontinuing a service line in the U.K.
Word for word“During the year ended December 31, 2020, the Company recognized $ 3.1 million of Operational Optimization costs within our International segment related to the discontinuation of a service line in the U.K.” 10-K for 2022
Our summaryCompany sold its Communication Solutions business in North America and recorded a divestiture gain.
Word for word“On December 1, 2022, we entered into an agreement and completed the sale of our Communication Solutions business for cash proceeds of approximately $ 45.0 million.” 10-K for 2022
Our summaryThe company recorded about $6 million of severance charges for a workforce reduction, mainly in its North America and International segments.
Word for word“In February 2024, the Company recognized approximately $6 million of Operational Optimization severance charges, primarily within our North America and International segments, related to workforce reduction.” 10-K for 2023
Our summaryThe company recorded fourth-quarter 2023 charges, mainly severance for a workforce reduction split between North America and International, plus the closure of an International facility.
Word for word“In the fourth quarter of 2023, the Company recognized Operational Optimization charges of $4.1 million primarily related to severance associated with workforce reduction, split between North America and International segments, and closure of an International facility, which is expected to provide annual savings of approximately $8 million.” 10-K for 2023
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2017-12-31 | $11.5 million | $13.9 million |
| 2018-12-31 | — | $27.4 million |
| 2019-12-31 | — | $12 million |
Stericycle 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 Stericycle’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 2024-02-28. 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.