Stratrix
On the Record · Sunworks

Sunworks layoffs, on the record

Every job cut, severance charge and restructuring Sunworks reported in its annual reports, 2020 to 2022, quoted from the filings.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2020122 full-time employeesDecember 31, 2020
10-K for 2021approximately 511 employeesDecember 31, 2021
10-K for 2022approximately 625 employeesAs of December 31, 2022

Job cuts, severance and restructuring

  1. Our summaryReduced headcount in response to the economic downturn and COVID-19; many reductions meant to be temporary became permanent.

    Word for word“In response to the economic downturn, and the impact of COVID-19 on our business, we reduced our headcount.” 10-K for 2020

  2. Our summaryReported workforce reduction from 178 full-time employees to 162 employees, with reductions in workforce and other cost saving measures.

    Word for word“Currently the exercise prices of all outstanding stock options are greater than the current stock price.” 10-K for 2020

  3. Our summaryFull-time headcount returned slowly over the rest of 2020 as installation activity required more labor, with many employees still on temporary layoff or leave. As of December 31, 2020 · Affected: 84 active full-time and two part-time employees with another 38 employees on temporary layoff or other leaves of absence

    Word for word“We had 84 active full-time and two part-time employees with another 38 employees on temporary layoff or other leaves of absence as of December 31, 2020.” 10-K for 2020

  4. Our summaryThe company reported employees on temporary layoff, medical, family or disability leave at year-end 2021. As of December 31, 2021 · Affected: 16 of those employees

    Word for word“As of December 31, 2021, we employed approximately 511 employees of which 495 were full-time employees with 16 of those employees on temporary layoff, medical, family or disability leave.” 10-K for 2021

  5. Our summaryThe company reported employees on temporary layoff, medical, family or disability leave at year-end 2020. As of December 31, 2020 · Affected: 38 of those employees

    Word for word“As of December 31, 2020, we employed approximately 122 full-time employees with 38 of those employees on temporary layoff, medical, family or disability leave plus two part-time employees.” 10-K for 2021

Sunworks 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 Sunworks’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-03-10. 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.