Avis Budget Group layoffs, on the record
Every job cut, severance charge and restructuring Avis Budget Group reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 24,500 to approximately 25,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 24,500 | December 31, 2023 |
| 10-K for 2024 | approximately 24,000 | As of December 31, 2024 |
| 10-K for 2025 | approximately 25,000 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCost Optimization restructuring plan, started in second quarter 2022 to consolidate global operations; about 400 employees were formally told their employment would end, most already terminated, with completion expected in 2024.
Word for word“During second quarter 2022, we initiated a restructuring plan to focus on consolidating our global operations by designing new processes and implementing new systems (“Cost Optimization”).” 10-K for 2023
Our summaryRestructuring plan to exit operations in Brazil by closing rental facilities, disposing of assets and terminating personnel; the initiative is complete.
Word for word“During third quarter 2019, we initiated a restructuring plan to exit our operations in Brazil by closing rental facilities, disposing of assets and terminating personnel (“Brazil”).” 10-K for 2023
Our summaryT21 global restructuring plan to review headcounts, facilities and contractor agreements; the initiative is complete.
Word for word“During first quarter 2021, we initiated a global restructuring plan to focus on cost discipline by reviewing headcounts, facilities and contractor agreements.” 10-K for 2023
Our summary2020 Optimization global restructuring plan to reduce operating costs, such as headcount and facilities; the initiative is complete.
Word for word“During first quarter 2020, we initiated a global restructuring plan to reduce operating costs, such as headcount and facilities, due to declining reservations and revenue resulting from the COVID-19 outbreak (“2020 Optimization”).” 10-K for 2023
Our summaryT19 restructuring plan to reduce headcount, large vehicles and rental locations in US truck rental operations; the initiative is complete.
Word for word“During first quarter 2019, we initiated a restructuring plan to drive global efficiency by improving processes and consolidating functions, and to create new objectives and strategies for our truck rental operations in the United States by reducing headcount, large vehicles and rental locations (“T19”).” 10-K for 2023
Our summaryInternational segment offered a voluntary termination program with enhanced cash severance to employees in field operations and general and administrative functions.
Word for word“During the second quarter of 2021, our operations in our International segment offered a voluntary termination program to certain employees in field operations and general and administrative functions for a limited time.” 10-K for 2023
Our summarySale of Netherlands operations, with a loss recorded in restructuring and other related charges; severance of 2 million was paid to terminated employees.
Word for word“In addition, we paid severance to terminated employees of $ 2 million .” 10-K for 2023
Our summaryInitiated a global restructuring plan to further right size operations, called Global Rightsizing, with further restructuring expense expected in 2025.
Word for word“In 2024, we initiated a global restructuring plan to further right size our operations (“Global Rightsizing”).” 10-K for 2024
Our summaryRecorded restructuring and other related charges, including the Global Rightsizing and Cost Optimization plans.
Word for word“Restructuring and other related charges 37 11 26 n/m Transaction-related costs, net 3 5 (2) (40 %) Other (income) expense, net 9 3 6 n/m Total expenses $ 14,416 $ 10,094 $ 4,322 43 % Income (loss) before income taxes (2,627) 1,914 (4,541) n/m Provision for (benefit from) income taxes (810) 279 (1,089) n/m Net income (loss) $ (1,817) $ 1,635 $ (3,452) n/m Less: Net income attributable to non-controlling interests 4 3 1 n/m Net income (loss) attributable to Avis Budget Group, Inc. $ (1,821) $ 1,632 $ (3,453) n/m __________ n/m Not meaningful.” 10-K for 2024
Our summaryInitiated a restructuring plan focused on consolidating global operations, called Cost Optimization.
Word for word“In 2022, we initiated a restructuring plan to focus on consolidating our global operations by designing new processes and implementing new systems (“Cost Optimization”).” 10-K for 2024
Our summaryInitiated a global restructuring plan to reduce operating costs, such as headcount and facilities, called 2020 Optimization; the plan is described as complete.
Word for word“In 2020, we initiated a global restructuring plan to reduce operating costs, such as headcount and facilities, due to declining reservations and revenue resulting from the COVID-19 outbreak (“2020 Optimization”).” 10-K for 2024
Our summaryInitiated a 2019 restructuring plan to exit Brazil operations by closing rental facilities and terminating personnel; the plan is described as complete.
Word for word“In 2019, we initiated a restructuring plan to exit our operations in Brazil by closing rental facilities, disposing of assets and terminating personnel (“Brazil”).” 10-K for 2024
Our summaryThe company expects about $35 million more restructuring expense in 2026 under the Global Rightsizing plan.
Word for word“We expect further restructuring expense of approximately $ 35 million related to this initiative to be incurred in 2026.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Positions eliminated |
|---|---|---|
| 2016-12-31 | $29 million | — |
| 2017-12-31 | $63 million | — |
| 2018-12-31 | $22 million | — |
| 2019-12-31 | $80 million | — |
| 2020-12-31 | $118 million | — |
| 2021-12-31 | $64 million | 130 |
| 2022-12-31 | $19 million | — |
| 2023-12-31 | $11 million | — |
| 2024-12-31 | $37 million | — |
| 2025-12-31 | $131 million | — |
Avis Budget Group 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 Avis Budget Group’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 2026-02-19. 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.