Acco Brands layoffs, on the record
Every job cut, severance charge and restructuring Acco Brands reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 5,600 to approximately 4,700.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 5,600 | December 31, 2023 |
| 10-K for 2024 | approximately 5,000 | end of 2024 |
| 10-K for 2025 | approximately 4,700 | At the end of 2025 |
Job cuts, severance and restructuring
Our summaryAnnounced a multi-year restructuring and cost savings program that includes headcount reductions, with targeted annualized pre-tax savings.
Word for word“In January 2024, the Company announced a multi-year restructuring and cost savings program, with anticipated annualized pre-tax cost savings of at least $60 million when fully implemented in 2026.” 10-K for 2023
Our summaryRecorded restructuring charges for severance and other costs tied to footprint rationalization and cost reduction programs.
Word for word“For the year ended December 31, 2023, restructuring charges were $27.2 million compared with $9.6 million in 2022.” 10-K for 2023
Our summaryAnnounced a multi-year restructuring and cost savings program with targeted annualized pre-tax savings, later raised to about $100 million by end of 2026.
Word for word“In January 2024, the Company announced a multi-year restructuring and cost savings program, with anticipated annualized pre-tax cost savings of at least $60 million when fully realized.” 10-K for 2024
Our summaryRecorded restructuring expenses in 2024, primarily severance for cost reduction initiatives, split by segment.
Word for word“During the year ended December 31, 2024, the Company recorded $16.8 million in restructuring expenses: $6.5 million of restructuring expense for our Americas segment; $6.9 million for our International segment; and $3.4 million for Corporate.” 10-K for 2024
Our summaryProgram includes headcount reductions, along with supply chain optimization and footprint rationalization, to simplify and delayer the operating structure.
Word for word“The program incorporates initiatives to simplify and delayer the Company's operating structure and reduce costs through headcount reductions, supply chain optimization, global footprint rationalization, and better leveraging the Company's sourcing capabilities.” 10-K for 2024
Our summaryRestructuring charges in 2024 were mainly severance costs, down from the prior year.
Word for word“For the year ended December 31, 2024, restructuring charges were $16.8 million compared with $27.2 million in 2023.” 10-K for 2024
Our summaryIn 2025 the company raised the savings target of its restructuring program by $40 million, to about $100 million in annualized pre-tax savings by the end of 2026.
Word for word“In 2025, the Company increased its savings target by $40 million, and now anticipates the multi-year program to yield approximately $100 million in annualized pre-tax cost savings by the end of 2026.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $5.4 million | $4.9 million |
| 2017-12-31 | $21.7 million | $13.4 million |
| 2018-12-31 | $11.7 million | $14.7 million |
| 2019-12-31 | $12 million | $9.9 million |
| 2020-12-31 | $10.9 million | $12.3 million |
| 2021-12-31 | $6 million | $11 million |
| 2022-12-31 | $9.6 million | $5.3 million |
| 2023-12-31 | $27.2 million | $7.8 million |
| 2024-12-31 | $16.8 million | $18.1 million |
| 2025-12-31 | $21.6 million | $25.8 million |
Acco Brands filed 2 restructuring notices (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 Acco Brands’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 2026-03-09. 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.