Xilinx layoffs, on the record
Every job cut, severance charge and restructuring Xilinx reported in its annual reports, 2019 to 2021, quoted from the filings. Headcount went from 4,433 to 4,890.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2019 | 4,433 | March 30, 2019 |
| 10-K for 2020 | 4,891 | As of March 28, 2020 |
| 10-K for 2021 | 4,890 | April 3, 2021 |
Job cuts, severance and restructuring
Our summaryImplemented restructuring measures to realign resources and drive operating efficiencies, affecting about 60 positions worldwide, and recorded transition charges tied mainly to severance and other benefits.
Word for word“Additionally, the Company also implemented restructuring measures to realign resources and drive overall operating efficiencies, which impacted approximately 60 positions in various geographies and functions worldwide.” 10-K for 2019
Our summaryAnnounced cost-saving measures with a targeted global workforce reduction in force, affecting about 238 positions, or 5% of the global workforce.
Word for word“This impacted approximately 238 positions, or 5% of our global workforce, in various geographies and functions worldwide.” 10-K for 2020
Our summaryAnnounced cost-saving measures that cut the global workforce by about 5% through a targeted reduction in force.
Word for word“For example, during the fourth quarter of fiscal 2020, we announced cost-saving measures designed to drive structural operating efficiencies across the Company by reducing our global workforce by approximately 5% through a targeted global workforce reduction in force.” 10-K for 2021
Our summaryRecorded restructuring charges for the workforce reduction, mostly severance pay.
Word for word“We recorded restructuring charges of $28.4 million in fiscal 2020, primarily related to severance pay expenses and separately presented on the consolidated statements of income.” 10-K for 2021
Our summaryFinished the restructuring activities.
Word for word“We completed the restructuring activities by the end of the first quarter of fiscal 2021.” 10-K for 2021
| Fiscal year ended | Restructuring charges |
|---|---|
| 2017-04-01 | $0 |
| 2018-03-31 | $33.4 million |
| 2019-03-30 | $0 |
| 2020-03-28 | $28.4 million |
| 2021-04-03 | $0 |
Xilinx filed 1 restructuring notice (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 Xilinx’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2021-05-14. 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.