Bentley Systems layoffs, on the record
Every job cut, severance charge and restructuring Bentley Systems reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company carried an accrued realignment cost liability of 12,459 thousand at year-end 2023, with none in 2022; the filing does not describe the underlying program.
Word for word“Accruals and other current liabilities consist of the following: December 31, 2023 2022 CSS deposits $ 284,276 $ 201,082 Accrued compensation 43,316 40,296 Accrued benefits 39,983 35,493 Due to customers 16,924 13,720 Accrued realignment costs 12,459 —” 10-K for 2023
Our summaryThe company reported an internal legal entity restructuring in Q4 2023, aligning intellectual property ownership with its operating model, which produced a net discrete income tax benefit. The filing describes no workforce reduction for it.
Word for word“During the fourth quarter of 2023, we recognized a net discrete income tax benefit of $170,784 attributable to internal legal entity restructuring and related intra-entity transactions as part of our continuing efforts to align intellectual property ownership with our business operating model.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2018-12-31 | $6.8 million | — |
| 2019-12-31 | −$584,000 | — |
| 2020-12-31 | $10 million | $4.5 million |
| 2021-12-31 | — | $5.8 million |
Bentley Systems 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 Bentley Systems’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 2026-02-26. 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.