BRC Group Holdings layoffs, on the record
Every job cut, severance charge and restructuring BRC Group Holdings reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 2,056 to 1,380 active employees.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 2,056 | December 31, 2024 |
| 10-K for 2025 | 1,380 active employees | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRestructuring charge recorded in 2024, primarily from reorganization and consolidation in the Communications and Consumer Products segments, consisting of reductions in workforce.
Word for word“The restructuring charges during the year ended December 31, 2024 were primarily related to reorganization and consolidation activities in the Communications segment and Consumer Products segment, which consisted of reductions in workforce.” 10-K for 2024
Our summaryRestructuring charge recorded in 2023 for reorganization and consolidation in the Wealth Management, Communications and Consumer Products segments, including workforce reductions and facility closures.
Word for word“The restructuring charges during the year ended December 31, 2023 were primarily related to reorganization and consolidation activities in the Wealth Management segment, Communications segment, and Consumer Products segment.” 10-K for 2024
Our summaryRestructuring charge recorded in 2022 tied to reorganization in Wealth Management and Communications, including employee termination costs and facility closures.
Word for word“The Company recorded restructuring charges in the amount of $ 1,522 , $ 2,131 , and $ 9,011 during the years ended December 31, 2024, 2023, and 2022, respectively.” 10-K for 2024
Our summaryCost savings programs implemented in the second half of 2023 included a reduction in headcount, which lowered 2024 employee compensation costs in the Communications segment.
Word for word“The decrease in employee compensation and benefits and other expenses was primarily due to cost savings in 2024 resulting from the implementation of cost savings programs in the second half of 2023 that included a reduction in headcount and other operating expenses and sale of the Lingo carrier business in the third quarter of 2024.” 10-K for 2024
Our summaryThe company recorded restructuring charges in 2025 and 2024, mainly for reorganization and consolidation in the Consumer Products segment and Corporate and All Other, which consisted of workforce reductions.
Word for word“The Company recorded restructuring charges in the amount of $ 195 and $ 1,522 (which were included in the “Restructuring charge” line item in the accompanying consolidated statements of operations) during the years ended December 31, 2025 and 2024, respectively.” 10-K for 2025
Our summaryThe Marconi Wireless segment cut headcount and paid severance in 2025 because of terminations, which lowered compensation expense.
Word for word“The decrease was primarily due to a decrease of $0.3 million in employee compensation and benefit related expenses, primarily related to headcount reductions and severances paid in 2025 due to terminations, offset by an increase of $0.3 million in other expenses, primarily related to higher bad debt expense.” 10-K for 2025
Our summaryThe Wealth Management segment reduced headcount after selling part of its W-2 business to Stifel, lowering compensation expense.
Word for word“The decrease was primarily due to a reduction in headcount from the sale of a portion of the Company’s (W-2) Wealth Management business to Stifel in April 2025 which resulted in decreases of $30.4 million in employee compensation and benefit related expenses, $4.0 million in other expenses primarily due to legal settlement of contingent consideration, $2.0 million in depreciation and amortization due to the sale of assets, and $0.2 million in professional services, partially offset by an increase of $2.6 million in occupancy-related costs driven by multiple office closures and lease impairments.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $3.5 million | $3.9 million | $3.4 million |
| 2017-12-31 | $9 million | $12.4 million | $6 million |
| 2018-12-31 | $4.5 million | $8.5 million | $4.7 million |
| 2019-12-31 | $1.6 million | $1.7 million | $4.2 million |
| 2020-12-31 | — | $1.6 million | $901,000 |
| 2021-12-31 | — | $0 | $114,000 |
| 2022-12-31 | $2.2 million | $9 million | $2.7 million |
| 2023-12-31 | $2.1 million | $2.1 million | $2.3 million |
| 2024-12-31 | $1.5 million | $1.5 million | $2.2 million |
| 2025-12-31 | $195,000 | $195,000 | $930,000 |
BRC Group 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 BRC Group 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 2026-03-31. 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.