WideOpenWest Finance layoffs, on the record
Every job cut, severance charge and restructuring WideOpenWest Finance reported in its annual reports, 2014 to 2016, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2014 | approximately 3,000 | December 31, 2014 |
| 10-K for 2015 | approximately 2,800 | December 31, 2015 |
| 10-K for 2016 | approximately 3,000 full-time employees | As of December 31, 2016 |
Job cuts, severance and restructuring
Our summaryCommitted to a workforce reduction plan that eliminated about 275 employees across all levels and geographic regions, to compete more efficiently and position for growth.
Word for word“On December 3, 2014, the Company committed to a workforce reduction plan whereby the Company eliminated approximately 275 employees across all levels and geographic regions.” 10-K for 2014
Our summaryOperating expenses fell partly due to savings from the reduction in workforce implemented in Q4 2014, which was a fiscal 2015 benefit.
Word for word“The remaining $17.4 million decrease is primarily attributable to savings related to our reduction in workforce implemented during the fourth quarter of the fiscal year ended December 31, 2014 and from the efficiencies derived from operational and process enhancements we implemented during the fiscal year ended December 31, 2015.” 10-K for 2015
WideOpenWest Finance 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 WideOpenWest Finance’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 2017-03-23. 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.