ABM Industries layoffs, on the record
Every job cut, severance charge and restructuring ABM Industries reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 123,000 to approximately 113,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 123,000 | October 31, 2023 |
| 10-K for 2024 | approximately 117,000 | October 31, 2024 |
| 10-K for 2025 | approximately 113,000 | October 31, 2025 |
Job cuts, severance and restructuring
Our summaryCorporate expenses in the segment note include restructuring and related costs, but the filing gives no restructuring amount in this excerpt.
Word for word“Corporate expenses not allocated to segments include certain CEO and other finance and human resource departmental expenses, certain information technology costs, share-based compensation, certain legal costs and settlements, restructuring and related costs, certain actuarial adjustments to self-insurance reserves, and direct acquisition costs.” 10-K for 2024
Our summaryThe company launched a restructuring program in the fourth quarter of 2025 to streamline operations and make its support functions more efficient, with about $35.0 million of annualized savings expected once fully implemented, and it recorded $13.4 million of charges.
Word for word“During the fourth quarter of 2025, we recorded $13.4 million in restructuring charges related to these actions and expect to record additional $2.0 - $3.0 million in 2026.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-10-31 | $29 million | $25.2 million |
| 2017-10-31 | $20.9 million | $23 million |
| 2018-10-31 | $25.7 million | $24.7 million |
| 2019-10-31 | $11.2 million | $12.9 million |
| 2020-10-31 | $7.6 million | $7.9 million |
| 2021-10-31 | $0 | — |
| 2022-10-31 | $0 | — |
| 2023-10-31 | $0 | — |
| 2024-10-31 | $0 | — |
| 2025-10-31 | $13.4 million | $7 million |
ABM Industries 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 ABM Industries’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-12-19. 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.