Just out today, 21July
Workforce Reduction - Process & Timeline
• July 21st: Initial communication
•July 28th: Earnings release, Global Town Hall etc.
•Ryan, Al, Matt and Don will discuss the outlook for the business and impact for our company
•Global Town Hall at 1 p.m. CT on July 28
•July 27–August 4th: EOI process for eligible US payroll staff
•August 1st-2nd: WARN notification. August 1st(pre-inform) and 2nd August (notification)
•Receipt of notification does not indicate severance
•Mid-August –Early September
•US staffing & high-grading
•Process consistent with SPIRIT values
•Principle of best player plays–performance, skills, fit, behaviors, leadership competencies
•Integrated BU & TMT process for consistency & fairness
•Mid-September: Impacted staff notified
Impacts Houston-based employees only in this case
•Significant layoff: 500+ employee reductions across Houston locations
•Other criteria: 33% and 50+ at site-no other locations due to meet this threshold