TWDC Enterprises 18 (formerly Walt Disney) layoffs, on the record
Every job cut, severance charge and restructuring TWDC Enterprises 18 (formerly Walt Disney) reported in its annual reports, 2016 to 2018, quoted from the filings. Headcount went from approximately 195,000 to approximately 201,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2016 | approximately 195,000 | October 1, 2016 |
| 10-K for 2017 | approximately 199,000 | September 30, 2017 |
| 10-K for 2018 | approximately 201,000 | September 29, 2018 |
Job cuts, severance and restructuring
Our summaryCompany recorded restructuring and impairment charges in fiscal 2016 that were due to asset impairments and severance and contract termination costs.
Word for word“The Company recorded $156 million and $53 million of restructuring and impairment charges in fiscal years 2016 and 2015 , respectively.” 10-K for 2016
Our summaryCompany recorded severance costs related to Parks and Resorts segment in fiscal 2016 within restructuring and impairment charges.
Word for word“The Company recorded $17 million of severance costs related to Parks and Resorts for fiscal year 2016 that were reported in “Restructuring and impairment charges” in the Consolidated Statements of Income.” 10-K for 2016
Our summaryCompany discontinued its Infinity console game business and recorded a charge that included severance and other asset impairments.
Word for word“In fiscal 2016, the Company discontinued its Infinity console game business, which is reported in the Consumer Products & Interactive Media segment, and recorded a charge primarily to write down inventory.” 10-K for 2016
Our summaryCompany recorded Media Networks restructuring and impairment charges for contract termination and severance costs and an investment impairment.
Word for word“The Company recorded charges of $87 million, $62 million and $78 million related to Media Networks for fiscal years 2016 , 2015 and 2014 , respectively, that were reported in “Restructuring and impairment charges” in the Consolidated Statements of Income.” 10-K for 2016
Our summaryCompany shut down certain international film production operations, recording related asset impairments within restructuring and impairment charges.
Word for word“The balance of the fiscal 2016 charges related to the shutdown of certain international film production operations and are reported in “Restructuring and impairment charges” in the Consolidated Statements of Income.” 10-K for 2016
Our summaryConsumer Products & Interactive Media recorded fiscal 2016 restructuring charges, primarily severance costs, apart from the Infinity charge.
Word for word“The remaining charges of $14 million in fiscal year 2016 and the charges in fiscal 2014 were primarily due to severance costs and were reported in “Restructuring and impairment charges” in the Consolidated Statements of Income.” 10-K for 2016
Our summaryCompany recorded restructuring and impairment charges of $98 million in fiscal 2017, due to severance costs and asset impairments.
Word for word“The Company recorded $98 million and $156 million of restructuring and impairment charges in fiscal years 2017 and 2016 , respectively.” 10-K for 2017
Our summaryMedia Networks segment recorded restructuring charges for severance costs and asset impairments in fiscal 2017.
Word for word“The Company recorded charges of $74 million, $87 million and $62 million related to Media Networks for fiscal years 2017 , 2016 and 2015 , respectively, that were reported in “Restructuring and impairment charges” in the Consolidated Statements of Income.” 10-K for 2017
Our summaryParks and Resorts segment recorded severance costs in fiscal 2017.
Word for word“The Company recorded $9 million and $17 million of severance costs related to Parks and Resorts for fiscal years 2017 and 2016 , respectively that were reported in “Restructuring and impairment charges” in the Consolidated Statements of Income.” 10-K for 2017
Our summaryStudio Entertainment segment recorded severance costs in fiscal 2017.
Word for word“The Company recorded $7 million of severance costs related to Studio Entertainment for fiscal year 2017 that were reported in “Restructuring and impairment charges” in the Consolidated Statements of Income.” 10-K for 2017
Our summaryConsumer Products & Interactive Media segment recorded charges including severance costs in fiscal 2017.
Word for word“The Company recorded charges of $8 million and $143 million related to Consumer Products & Interactive Media for fiscal years 2017 and 2016 , respectively.” 10-K for 2017
Our summaryCompany discontinued its Infinity console game business in fiscal 2016, with a charge that included severance and other asset impairments.
Word for word“In fiscal 2016, the Company discontinued its Infinity console game business, which is reported in the Consumer Products & Interactive Media segment, and recorded a charge (Infinity Charge) primarily to write down inventory.” 10-K for 2017
Our summaryThe company recorded restructuring and impairment charges for fiscal 2018, which were due to severance costs; it also reported charges for fiscal 2017 and 2016.
Word for word“The Company recorded $33 million , $98 million and $156 million of restructuring and impairment charges in fiscal years 2018 , 2017 and 2016 , respectively.” 10-K for 2018
Our summaryThe company said its fiscal 2018 restructuring charges were severance costs.
Word for word“Charges in fiscal 2018 were due to severance costs.” 10-K for 2018
TWDC Enterprises 18 (formerly Walt Disney) 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 TWDC Enterprises 18 (formerly Walt Disney)’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2018-11-21. 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.