Twitter layoffs, on the record
Every job cut, severance charge and restructuring Twitter reported in its annual reports, 2019 to 2021, quoted from the filings. Headcount went from approximately 4,900 to over 7,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2019 | approximately 4,900 | December 31, 2019 |
| 10-K for 2020 | over 5,500 | December 31, 2020 |
| 10-K for 2021 | over 7,500 | December 31, 2021 |
Job cuts, severance and restructuring
Our summaryThe filing says the company may need to restructure parts of its organization after periods of high voluntary attrition.
Word for word“From time to time, we have also experienced high voluntary attrition, and in those times, the resulting influx of new leaders and other employees has required us to expend time, attention and resources to recruit and retain talent, restructure parts of our organization, and train and integrate new employees.” 10-K for 2019
Our summaryThe filing says it may restructure operations and terminate employees if it divests or stops investing in certain products, but it does not report a specific action in this period.
Word for word“In these cases, we have needed to and we may in the future need to restructure operations, terminate employees and/or incur other expenses.” 10-K for 2019
Our summaryThe cash flow statement shows non-cash restructuring charges as a reconciling item in operating cash flow, but the amount is not reported in this excerpt.
Word for word“Cash provided by operating activities consists of net income (loss) adjusted for certain non-cash items including depreciation and amortization, stock-based compensation, amortization of discount on our Notes, deferred income taxes, impairment of investments in privately-held companies, non-cash restructuring charges, as well as the effect of changes in working capital and other activities.” 10-K for 2019
Twitter filed 1 restructuring notice (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 Twitter’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-16. 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.