Clarivate layoffs, on the record
Every job cut, severance charge and restructuring Clarivate reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from more than 12,000 to more than 12,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | more than 12,000 | As of December 31, 2023 |
| 10-K for 2024 | more than 12,000 | As of December 31, 2024 |
| 10-K for 2025 | more than 12,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryApproved a Segment Optimization Program to streamline operations and cut costs, with the main savings from a reduction in workforce.
Word for word“During the second quarter of 2023, we approved a restructuring plan to streamline operations within targeted areas of the Company to reduce operational costs, with the primary cost savings driver being from a reduction in workforce.” 10-K for 2023
Our summaryExpects to incur further restructuring costs under the Segment Optimization Program, mainly in 2024.
Word for word“As of December 31, 2023, we expect to incur approximately $ 20 of additional restructuring costs associated with the Segment Optimization Program, which we expect to incur primarily within 2024.” 10-K for 2023
Our summaryRecorded total severance and related benefit costs across restructuring programs in 2023.
Word for word“Total Severance and Related Benefit Costs $ 30.1 $ 39.2 $ 57.3 Exit and Disposal Costs: Segment Optimization Program - - - One Clarivate Program - - 2.7 ProQuest Acquisition Integration Program 0.2 2.2 - Other Restructuring Programs - 1.0 8.4 Total Exit and Disposal Costs $ 0.2 $ 3.2 $ 11.1 Lease Abandonment Costs: Segment Optimization Program 3.7 - - One Clarivate Program - - - ProQuest Acquisition Integration Program - 24.3 - Other Restructuring Programs ( 0.1 ) - 61.1 Total Lease Abandonment Costs $ 3.6 $ 24.3 $ 61.1 Restructuring Costs $ 33.9 $ 66.7 $ 129.5” 10-K for 2023
Our summaryOngoing One Clarivate Program, approved to streamline operations and cut costs, with the main savings from a reduction in workforce; no significant further costs expected.
Word for word“One Clarivate Program - During the second quarter of 2021, we approved a restructuring plan to streamline operations within targeted areas of the company to reduce operational costs, with the primary cost savings driver being from a reduction in workforce.” 10-K for 2023
Our summaryProQuest Acquisition Integration Program, a restructuring plan to cut costs, with the main savings from a reduction in workforce; severance costs continued in 2023.
Word for word“ProQuest Acquisition Integration Program - During the fourth quarter of 2021, we approved a restructuring plan to streamline operations within targeted areas of the company to reduce operational costs, with the primary cost savings driver being from a reduction in workforce.” 10-K for 2023
Our summaryOther restructuring programs from 2020 and late 2019 aimed at cost savings and margin improvement, with no significant further costs expected.
Word for word“Other Restructuring Programs - During 2020 and the fourth quarter of 2019, we engaged a strategic consulting firm to assist us in optimizing our structure and cost base, resulting in the implementation of several cost-saving and margin improvement programs designed to generate substantial incremental cash flows.” 10-K for 2023
Our summaryBoard approved a Value Creation Plan in the fourth quarter of 2024, including a reduction in workforce and cost rationalization, with about $30 of additional restructuring costs expected, mostly in 2025.
Word for word“During the fourth quarter of 2024, we approved a broad-based plan to optimize our business model, which includes a cost rationalization component.” 10-K for 2024
Our summaryValue Creation Plan severance and related benefit costs recorded in 2024, primarily from a reduction in workforce.
Word for word“We expect to incur approximately $ 30 of additional restructuring costs, primarily from a reduction in workforce, a majority of which we expect to incur in 2025.” 10-K for 2024
Our summarySegment Optimization restructuring program to reduce operational costs mainly through workforce reduction; now substantially complete. Severance charges recorded in 2024.
Word for word“Segment Optimization - During the second quarter of 2023, we approved a restructuring plan to reduce operational costs within targeted areas of the Company, with the primary cost savings driver being from a reduction in workforce.” 10-K for 2024
Our summaryBoard approved the wind-down of three product groups within the LS&H and A&G segments, expected to reduce revenues and profit.
Word for word“In December 2024, our Board approved the wind-down of three product groups within the LS&H and A&G segments, which is expected to reduce revenues and profit by less than 10% and 5%, respectively.” 10-K for 2024
Our summaryProQuest Acquisition Integration restructuring program, primarily a workforce reduction, completed; severance charges recorded in 2023 and 2022 and a small 2024 credit.
Word for word“ProQuest Acquisition Integration - During the fourth quarter of 2021, we approved a restructuring plan to reduce operational costs within targeted areas of the Company, with the primary cost savings driver being from a reduction in workforce.” 10-K for 2024
Our summaryOne Clarivate and other restructuring programs, primarily a workforce reduction, now complete; severance charges recorded in 2022.
Word for word“One Clarivate and other restructuring programs - During the second quarter of 2021, we approved a restructuring plan to reduce operational costs within targeted areas of the Company, with the primary cost savings driver being from a reduction in workforce.” 10-K for 2024
Our summaryTotal restructuring costs recorded, including severance and related benefit costs, exit and disposal costs, and lease abandonment costs.
Word for word“Restructuring costs $ 19.6 $ 33.9 $ 66.7 62 Table of Contents CLARIVATE PLC Notes to the Consolidated Financial Statements (In millions or as otherwise noted) The following table summarizes the pre-tax charges by program and segment during the periods indicated: Year Ended December 31, 2024 2023 2022 Academia & Government: Value Creation Plan $ 0.1 $ — $ — Segment Optimization 7.0 4.8 — ProQuest Acquisition Integration ( 0.1 ) 9.1 26.5 One Clarivate and other restructuring programs — ( 0.1 ) 9.7 Total A&G 7.0 13.8 36.2 Intellectual Property: Value Creation Plan 0.5 — — Segment Optimization 5.3 4.6 — ProQuest Acquisition Integration — 4.6 15.3 One Clarivate and other restructuring programs — — 4.6 Total IP 5.8 9.2 19.9 Life Sciences & Healthcare: Segment Optimization 6.8 7.7 — ProQuest Acquisition Integration — 3.2 7.6 One Clarivate and other restructuring programs — — 3.0 Total LS&H 6.8 10.9 10.6 Restructuring costs $ 19.6 $ 33.9 $ 66.7 The table below summarizes the changes in our restructuring reserves by activity during the periods indicated:” 10-K for 2024
Our summaryThe company approved a broad-based Value Creation Plan with a cost rationalization component and extended it to include more reductions in force and lease rationalization in 2026, with about $25 of additional costs expected.
Word for word“Value Creation Plan - During the fourth quarter of 2024, we approved a broad-based plan to optimize our business model, which includes a cost rationalization component.” 10-K for 2025
Our summaryThe company extended the Value Creation Plan to cover additional workforce reductions and lease rationalization in 2026 and expects roughly $25 of further costs, mostly in 2026.
Word for word“We have extended this program to include additional reductions in force and lease rationalization activities in 2026 .” 10-K for 2025
Our summaryThe Board approved winding down three product groups in the LS&H and A&G segments, expected to reduce revenues and profit by less than 10% and 5%.
Word for word“In December 2024, the Board approved the wind-down of three product groups within the LS&H and A&G segments, which is expected to reduce revenues and profit by less than 10% and 5%, respectively .” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2017-12-31 | $0 | — | — |
| 2018-12-31 | $0 | — | — |
| 2019-12-31 | $15.7 million | $14 million | $6.3 million |
| 2020-12-31 | $56.1 million | — | $30.8 million |
| 2021-12-31 | $129.5 million | — | $84 million |
| 2022-12-31 | $66.7 million | — | $55 million |
| 2023-12-31 | $33.9 million | — | $32.4 million |
| 2024-12-31 | $19.6 million | — | $27.2 million |
| 2025-12-31 | $50.7 million | — | $43.1 million |
Clarivate 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 Clarivate’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 2026-02-24. 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.