Broadridge Financial Solutions layoffs, on the record
Every job cut, severance charge and restructuring Broadridge Financial Solutions reported in its annual reports, 2024 to 2026, quoted from the filings.
Job cuts, severance and restructuring
Our summaryBroadridge completed a Corporate Restructuring Initiative to exit and realign some businesses, streamline management, move work to lower cost locations, and reduce headcount in deprioritized areas. The initiative began in the fourth quarter of fiscal 2023.
Word for word“During the fourth quarter of fiscal year 2024, Broadridge completed a corporate restructuring initiative to exit and realign some of its businesses, streamline the Company’s management structure, reallocate work to lower cost locations, and reduce headcount in deprioritized areas (the “Corporate Restructuring Initiative”), which was initiated in the fourth quarter of fiscal year 2023.” 10-K for 2024
Our summaryRestructuring and Other Related Costs for fiscal 2024 included severance and professional services costs and an asset impairment charge tied to exiting a business under the Corporate Restructuring Initiative.
Word for word“Restructuring and Other Related Costs for the fiscal year ended June 30, 2024 includes $56.0 million of severance and professional services costs directly related to the Corporate Restructuring Initiative and a $7.0 million asset impairment charge as a result of the exit of a business in connection with the Corporate Restructuring Initiative.” 10-K for 2024
Our summaryBroadridge completed its Corporate Restructuring Initiative, which was started in the fourth quarter of fiscal 2023, to exit and realign businesses, streamline management, move work to lower cost locations, and cut headcount in deprioritized areas.
Word for word“For fiscal years 2024, this restructuring resulted in total severance costs of $ 45.2 million recorded in Operating expenses .” 10-K for 2025
Our summaryBroadridge closed substantially all operations of a production facility, incurring severance and other costs.
Word for word“The total estimated pre-tax costs for actions and associated costs related to the closure are approximately $20 million to $25 million and are expected to be completed by the end of the second quarter of fiscal year 2026.” 10-K for 2025
Our summaryBroadridge recorded severance and other restructuring costs tied to closing substantially all operations of a production facility, and excluded them from adjusted results.
Word for word““Restructuring and Other Related Costs” consists of severance and other costs related to the closure of substantially all operations of a production facility.” 10-K for 2026
Our summaryBroadridge reported restructuring and other related costs of $13.2 million for fiscal 2026 and $7.4 million for fiscal 2025 in its non-GAAP reconciliation.
Word for word“Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 203.6 196.6 Acquisition and Integration Costs 17.5 18.3 Restructuring and Other Related Costs (a) 13.2 7.4 Adjusted Operating income (Non-GAAP) $ 1,534.8 $ 1,410.9 Operating income margin (GAAP) 17.4 % 17.3 % Adjusted Operating income margin (Non-GAAP) 20.5 % 20.5 % 43 Years ended June 30, 2026 2025 (in millions) Net earnings (GAAP) $ 1,124.3 $ 839.5 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 203.6 196.6 Acquisition and Integration Costs 17.5 18.3 Restructuring and Other Related Costs (a) 13.2 7.4 Gains or Losses on Digital Assets (227.0) — Investment Gain (7.3) Subtotal of adjustments (0.1) 222.3 Tax impact of adjustments (b) — (50.4) Adjusted Net earnings (Non-GAAP) $ 1,124.2 $ 1,011.5 Years ended June 30, 2026 2025 Diluted earnings per share (GAAP) $ 9.60 $ 7.10 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 1.74 1.66 Acquisition and Integration Costs 0.15 0.15 Restructuring and Other Related Costs (a) 0.11 0.06 Gains or Losses on Digital Assets (1.94) — Investment Gain (0.06) — Subtotal of adjustments — 1.88 Tax impact of adjustments (b) — (0.43) Adjusted earnings per share (Non-GAAP) $ 9.60 $ 8.55 _________ (a) Restructuring and Other Related Costs consists of severance and other costs related to the closure of substantially all operations of a production facility.” 10-K for 2026
Our summaryBroadridge had an accrued restructuring liability within employee compensation and benefits at fiscal year-end 2026 and 2025.
Word for word“(a) Includes a restructuring liability of $ 9.3 million and $ 22.7 million as of June 30, 2026 and 2025, respectively.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Restructuring costs incurred |
|---|---|---|
| 2023-06-30 | $20.4 million | $20.4 million |
| 2024-06-30 | $45.2 million | — |
Broadridge Financial 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 Broadridge Financial Solutions’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-08-04. 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.