Virtu KCG Holdings layoffs, on the record
Every job cut, severance charge and restructuring Virtu KCG Holdings reported in its annual reports, 2014 to 2016, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2014 | 1,093 full-time employees | December 31, 2014 |
| 10-K for 2015 | 1,006 | December 31, 2015 |
| 10-K for 2016 | 952 full-time employees | December 31, 2016 |
Job cuts, severance and restructuring
Our summaryCompany completed reductions in workforce following the Mergers and the sale of its FCM business, reducing headcount from 2013 to 2014.
Word for word“The decrease in headcount from December 31, 2013 is primarily due to reductions in workforce completed following the Mergers as well as the sale of our FCM business.” 10-K for 2014
Our summaryCompany recorded compensation expense related to the 2014 reduction in workforce and other employee separations.
Word for word“Excluding compensation expense related to the 2014 reduction in workforce of $13.6 million , employee compensation and benefits was $423.7 million or 47.8% of adjusted net revenues.” 10-K for 2014
Our summaryCompany recorded compensation expense related to reductions in workforce in 2013 and the reorganization of its ETF team following the Mergers.
Word for word“Excluding the compensation expenses related to reductions in our workforce and the reorganization of our ETF team of $33.7 million , and costs related to unit based compensation acceleration due to the Mergers of $22.0 million , Employee compensation and benefits was $293.5 million or 47.7% of adjusted net revenues for 2013 and $157.9 million or 46.6% for 2012.” 10-K for 2014
Virtu KCG Holdings 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 Virtu KCG Holdings’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-24. 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.