Ultimate Software layoffs, on the record
Every job cut, severance charge and restructuring Ultimate Software reported in its annual reports, 2016 to 2018, quoted from the filings. Headcount went from 3,747 to 5,113.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2016 | 3,747 | December 31, 2016 |
| 10-K for 2017 | 4,208 | December 31, 2017 |
| 10-K for 2018 | 5,113 | December 31, 2018 |
Job cuts, severance and restructuring
None of Ultimate Software’s annual reports for 2016 to 2018 describes a layoff, workforce reduction or restructuring.
Ultimate Software 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 Ultimate Software’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 2019-03-01. 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.