We lease building space for all our PeopleReady branches, except for two that we own in Florida.
−Removed: In addition, we lease office spaces to support our PeopleManagement operations and PeopleScout centralized support functions.
−Removed: Under the majority of our leases, we have the right to terminate the lease with 90 days’ notice.
+Added: In addition, we lease domestic and international office space to support our operations and centralized support functions.
+Added: Under the majority of our branch leases, we have the right to terminate the lease with 90 days’ notice.
We do not anticipate any difficulty in renewing these leases or in finding alternative sites in the ordinary course of business.
We own an office building in Tacoma, Washington, which serves as our corporate headquarters.
−Removed: During 2022, the majority of our staffing operations’ employees returned to work in branches or on-site facilities.
−Removed: We continued to utilize a hybrid work model for the majority of our other employees who continue to work-from-home, while utilizing our support center facilities when necessary or beneficial.
−Removed: Management believes all our facilities are currently suitable for their intended use.
+Added: We continued to utilize a remote or hybrid work model for our headquarters’ and U.S.-based support employees, while utilizing our support center facilities when necessary or beneficial.
+Added: While management believes all our facilities are currently suitable for their intended use, we continually evaluate our business and facilities and may decide to expand or dispose of facilities in the future.
LEGAL PROCEEDINGS
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.