Warner Media layoffs, on the record
Every job cut, severance charge and restructuring Warner Media reported in its annual reports, 2015 to 2017, quoted from the filings. Headcount went from approximately 24,800 to approximately 26,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2015 | approximately 24,800 | December 31, 2015 |
| 10-K for 2016 | approximately 25,000 | December 31, 2016 |
| 10-K for 2017 | approximately 26,000 | At December 31, 2017 |
Job cuts, severance and restructuring
Our summaryCompany recorded restructuring and severance costs for 2015 initiatives, mainly at Turner, related to headcount reductions and exit activities.
Word for word“The total number of employees terminated across the segments for the years ended December 31, 2015, 2014 and 2013 was approximately 700, 4,000 and 1,000, respectively.” 10-K for 2015
Our summaryCompany recorded restructuring and severance costs for 2014 initiatives, primarily headcount reductions across segments.
Word for word“Restructuring and severance costs expensed as incurred for the years ended December 31, 2015, 2014 and 2013 are as follows (millions): Year Ended December 31, 2015 2014 2013 Turner $ 58 $ 249 $ 93 Home Box Office — 63 39 Warner Bros. 1 169 49 Corporate 1 31 2 Total restructuring and severance costs $ 60 $ 512 $ 183.” 10-K for 2015
Our summaryCompany disclosed a remaining restructuring liability at year end, mostly for employee terminations, with cash payments during 2015.
Word for word“Remaining liability as of December 31, 2015 $ 239 $ 14 $ 253 (a) Noncash reductions relate to the settlement of certain employee-related liabilities with equity instruments.” 10-K for 2015
Our summaryCompany recorded restructuring and severance costs in 2016, primarily employee terminations and exit activities, mainly under its 2016 initiatives.
Word for word“The total number of employees terminated across the segments for the years ended December 31, 2016, 2015 and 2014 was approximately 800, 700 and 4,000, respectively.” 10-K for 2016
Our summaryTurner segment recorded 2016 restructuring and severance costs.
Word for word“For the year ended December 31, 2016, the Company incurred costs in connection with the 2016 initiatives of $61 million at the Turner segment, $47 million at the Home Box Office segment, $2 million at the Warner Bros. segment and $4 million at Corporate.” 10-K for 2016
Our summaryHome Box Office recorded restructuring and severance costs, principally executive severance.
Word for word“The results for the year ended December 31, 2016 included $49 million of Restructuring and severance costs principally related to executive severance costs.” 10-K for 2016
Our summaryThe company recorded restructuring and severance costs, mainly for employee terminations and other exit activities, in 2017, 2016 and 2015.
Word for word“For the years ended December 31, 2017, 2016 and 2015, the Company incurred Restructuring and severance costs primarily related to employee terminations and other exit activities.” 10-K for 2017
Our summaryThe company reported how many employees were terminated across its segments in each of the three years.
Word for word“The total number of employees terminated across the segments for the years ended December 31, 2017, 2016 and 2015 was approximately 550, 800 and 700, respectively.” 10-K for 2017
Our summaryThe company reported total restructuring and severance costs for each of the three years.
Word for word“In addition to the items affecting comparability described above, the Company incurred Restructuring and severance costs of $120 million, $117 million and $60 million for the years ended December 31, 2017, 2016 and 2015, respectively.” 10-K for 2017
Our summaryWarner Bros. recorded severance costs tied to shutting down a business in Latin America.
Word for word“External costs related to mergers, acquisitions or dispositions for the year ended December 31, 2017 consisted of $16 million at the Warner Bros. segment primarily related to severance costs associated with the shutdown of a business in Latin America and $1 million at the Turner segment.” 10-K for 2017
Our summaryWarner Bros. recorded restructuring and severance costs mainly for severance actions in 2017.
Word for word“The results for the year ended December 31, 2017 included $46 million of Restructuring and severance costs primarily related to severance actions.” 10-K for 2017
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $117 million | $199 million |
| 2017-12-31 | $120 million | $92 million |
Warner Media 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 Warner Media’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-02-22. 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.