Axis Capital Holdings layoffs, on the record
Every job cut, severance charge and restructuring Axis Capital Holdings reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 2,048 to 1,966.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 2,048 | December 31, 2023 |
| 10-K for 2024 | 1,876 | December 31, 2024 |
| 10-K for 2025 | 1,966 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryReorganization expenses under the 'How We Work' program, covering software asset impairments and severance costs, to simplify the operating structure.
Word for word“For the year ended December 31, 2023, reorganization expenses were $ 29 million (2022: $ 31 million and 2021: $ nil ).” 10-K for 2023
Our summaryReorganization expenses in 2022 for severance and software impairments tied to the exit from catastrophe and property reinsurance lines of business.
Word for word“In 2022, reorganization expenses included severance costs and software asset impairments attributable to the Company's exit from catastrophe and property reinsurance lines of business in June.” 10-K for 2023
Our summaryReorganization expenses were recorded, primarily for severance costs under the 'How We Work' program that simplifies the operating structure.
Word for word“Program Reorganization expenses of $26 million incurred in 2024 primarily related to severance costs attributable to our "How We Work" program which is focused on simplifying our operating structure.” 10-K for 2024
Our summaryThe number of employees decreased during the year.
Word for word“During 2024, the number of employees decreased by approximately 8% and our voluntary turnover rate was 11.9% compared to 10.9% in 2023.” 10-K for 2024
Our summaryThe company recorded 2023 reorganization expenses mainly for software impairments and severance costs under its "How We Work" program, which aims to simplify its operating structure.
Word for word“In 2023, reorganization expenses were primarily related to impairments of computer software assets and severance costs attributable to the Company's "How We Work" program which is focused on simplifying the Company’s operating structure.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $0 |
| 2017-12-31 | $0 |
Axis Capital Holdings 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 Axis Capital Holdings’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 2026-02-27. 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.