Advantage Solutions layoffs, on the record
Every job cut, severance charge and restructuring Advantage Solutions reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 70,000 to approximately 73,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 70,000 | December 31, 2023 |
| 10-K for 2024 | approximately 69,000 | December 31, 2024 |
| 10-K for 2025 | approximately 73,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded severance expenses tied to severance plans that integrate operations and reduce costs, included in selling, general and administrative expenses.
Word for word“We recorded severance expenses of $15.4 million, $3.2 million, and $1.0 million included in “Selling, general, and administrative expenses” in the Consolidated Statements of Operations and Comprehensive (Loss) Income for the years ended December 31, 2023, 2022, and 2021, respectively.” 10-K for 2023
Our summaryThe company's internal reorganization activities, including professional fees and severance, drove an increase in selling, general and administrative expenses as a percentage of revenues.
Word for word“The increase as a percentage of revenues was primarily attributable to our internal reorganization activities, largely related to professional fees and severance, coupled with increased incentive compensation and technology expenses.” 10-K for 2023
Our summaryAnnounced a restructuring plan in July 2024 as part of its transformation strategy to improve cost structure and simplify the organization.
Word for word“In July 2024, we announced a restructuring plan as part of our transformation strategy to improve our cost structure and to implement various other efforts to improve operating efficiency.” 10-K for 2024
Our summaryOffered a Voluntary Early Retirement Program to certain eligible U.S.-based employees.
Word for word“During the year ended December 31, 2024, the Company recorded $ 20.1 million of settlement charges and special termination benefits in "Selling, general, and administrative expenses" in the Consolidated Statements of Operations and Comprehensive Loss.” 10-K for 2024
Our summaryAnnounced a cost savings program including a reduction-in-force (2024 RIF) to align cost structures with revenue levels, substantially completed in fiscal 2024.
Word for word“In September 2024, the Company announced a cost savings program to improve operational performance and align cost structures consistent with revenue levels associated with business changes, which includes termination benefits associated with a reduction-in-force substantially completed in fiscal year 2024.” 10-K for 2024
Our summaryRecorded total restructuring expenses for 2024 across segments, including the VERP and 2024 RIF, with $14.1 million accrued at year end.
Word for word“As of December 31, 2024, $ 14.1 million of the Company’s restructuring charges were included in "Other accrued expenses" in the Consolidated Balance Sheets.” 10-K for 2024
Our summaryIncurred reorganization expenses from internal reorganization activities including professional fees, lease exit costs, severance and nonrecurring compensation.
Word for word“During the year ended December 31, 2024, we incurred $88.8 million in reorganization expenses related to various internal reorganization activities, including professional fees, lease exit costs, severance, and nonrecurring compensation costs, compared to $56.1 million during the year ended December 31, 2023.” 10-K for 2024
Our summaryThe company recorded reorganization expenses in 2025, including severance, lease exit costs and professional fees, compared with a higher amount in 2024.
Word for word“During the year ended December 31, 2025, we incurred $62.9 million in reorganization expenses related to various internal reorganization activities, including professional fees, lease exit costs, severance, and nonrecurring compensation costs, compared to $88.8 million during the year ended December 31, 2024.” 10-K for 2025
Our summaryThe company offered a Voluntary Early Retirement Program to certain eligible U.S.-based employees and recorded settlement charges and special termination benefits.
Word for word“These actions included offering a Voluntary Early Retirement Program (“VERP”) to certain eligible U.S.-based employees, resulting in $0.6 million and $9.9 million of settlement charges and special termination benefits recognized in “Selling, general and administrative expenses” during the years ended December 31, 2025 and 2024, respectively.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2018-12-31 | −$12.5 million | $18.7 million |
| 2019-12-31 | −$5.4 million | $8.9 million |
| 2020-12-31 | −$5.4 million | $6.7 million |
| 2021-12-31 | −$1.2 million | $2.2 million |
| 2024-12-31 | $30.1 million | $16 million |
| 2025-12-31 | $931,000 | $15 million |
Advantage Solutions 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 Advantage Solutions’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 2026-03-03. 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.