Windstream Holdings layoffs, on the record
Every job cut, severance charge and restructuring Windstream Holdings reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from 12,979 to 11,945.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2017 | 12,979 | At December 31, 2017 |
| 10-K for 2018 | 11,945 | At December 31, 2018 |
Job cuts, severance and restructuring
Our summaryCompleted a 2017 restructuring of the workforce and other cost savings, eliminating approximately 1,100 employees.
Word for word“During 2017, we completed a restructuring of our workforce and other cost savings initiatives to improve our overall cost structure and gain operational efficiencies.” 10-K for 2017
Our summaryCompleted a second-half 2017 workforce restructuring eliminating approximately 725 employees.
Word for word“During the second half of 2017, we completed a restructuring of our workforce to improve our overall cost structure and gain operational efficiencies.” 10-K for 2017
Our summaryCompleted other first-half 2017 workforce reductions in the ILEC small business and enterprise segments and in engineering, finance and information technology work groups.
Word for word“In addition to this initiative, we completed other reductions in our workforce during the first half of 2017 eliminating approximately 375 employees in our ILEC small business and enterprise segments as well as in our engineering, finance and information technology work groups to more efficiently manage our operations.” 10-K for 2017
Our summaryCompleted a third-quarter 2017 workforce reduction to improve cost structure, with a restructuring charge principally of severance and employee benefit costs.
Word for word“In undertaking these efforts, we eliminated approximately 700 employees and incurred a restructuring charge of $22.8 million , principally consisting of severance and employee benefit costs (see Note 11).” 10-K for 2017
Our summaryExecuted additional restructuring actions eliminating employees and positions to drive further cost savings in 2018.
Word for word“In January 2018, we completed a workforce reduction eliminating approximately 400 employees to further streamline our operations.” 10-K for 2017
Our summaryRecorded EarthLink merger-related severance and employee benefit costs for terminated employees.
Word for word“In 2017, these amounts include investment banking, legal and other consulting services of $24.0 million , severance and employee benefit costs for EarthLink employees terminated after the Merger of $39.0 million , share-based compensation expense of $10.1 million attributable to the accelerated vesting of assumed equity awards for terminated EarthLink employees, rebranding and marketing of $5.3 million and other miscellaneous expenses of $3.2 million , respectively.” 10-K for 2017
Our summaryRecorded Broadview merger-related severance and employee benefit costs for terminated employees.
Word for word“Includes investment banking, legal and other consulting fees of $4.5 million and severance and employee benefit costs for Broadview employees terminated after the acquisition of $4.7 million .” 10-K for 2017
Our summaryRecorded 2016 severance and employee-related costs from several small workforce reductions.
Word for word“During 2016 and 2015 , restructuring charges primarily consisted of severance and other employee-related costs totaling $18.7 million and $15.6 million , respectively, related to the completion of several small workforce reductions.” 10-K for 2017
Our summaryCompleted restructurings of the workforce in 2018, eliminating approximately 800 employees and an additional 90 positions, driving cost savings of approximately $60 million in 2018.
Word for word“In addition, we completed restructurings of our workforce in 2018 eliminating approximately 800 employees and an additional 90 positions that drove cost savings of approximately $60 million in 2018.” 10-K for 2018
Our summaryCompleted workforce restructuring in 2018 eliminating approximately 800 positions, with restructuring charges of severance and employee benefit costs and separate lease termination costs.
Word for word“In undertaking these efforts, we eliminated approximately 800 positions and incurred restructuring charges of $24.6 million , consisting of severance and employee benefit costs.” 10-K for 2018
Our summaryCompleted a 2017 restructuring of the workforce to streamline operations, plus other workforce reductions in the first half of 2017.
Word for word“During 2017, we completed a restructuring of our workforce to streamline our operations, which resulted in the elimination of approximately 725 employees.” 10-K for 2018
Our summaryIncurred severance and employee benefit costs for EarthLink employees terminated after the merger, and for Broadview employees terminated after the acquisition.
Word for word“In 2018, these amounts include severance and employee benefit costs for EarthLink employees terminated after the Merger of $6.9 million and other miscellaneous expenses of $3.7 million .” 10-K for 2018
Our summaryIncurred severance and employee benefit costs for EarthLink employees terminated after the merger, and for Broadview employees terminated after the acquisition, in connection with the 2017 mergers.
Word for word“In 2017, these amounts include investment banking, legal and other consulting services of $24.0 million , severance and employee benefit costs for EarthLink employees terminated after the Merger of $39.0 million , share-based compensation expense of $10.1 million attributable to the accelerated vesting of assumed equity awards for terminated EarthLink employees, rebranding and marketing of $5.3 million and other miscellaneous expenses of $3.2 million .” 10-K for 2018
| Fiscal year ended | Restructuring charges | Positions eliminated |
|---|---|---|
| 2016-12-31 | $20.3 million | — |
| 2017-12-31 | $43 million | 1,100 |
| 2018-12-31 | $45 million | 725 |
| 2019-12-31 | $28.5 million | 800 |
Windstream Holdings 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 Windstream Holdings’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-05-19. 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.