Compass layoffs, on the record
Every job cut, severance charge and restructuring Compass reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 2,549 to 3,200.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 2,549 | December 31, 2023 |
| 10-K for 2024 | 2,566 | December 31, 2024 |
| 10-K for 2025 | 3,200 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany took workforce reductions in June and September 2022 and January 2023 as cost-saving measures.
Word for word“For example, in response to macroeconomic conditions impacting our industry, we took certain cost-saving measures, such as reductions of our workforce in June and September 2022 and January 2023.” 10-K for 2023
Our summaryCompany enacted workforce reductions, wound down Modus Technologies, and terminated certain operating leases during 2022 as part of a restructuring plan.
Word for word“As a result of restructuring actions taken during the year ended December 31, 2022, we incurred restructuring costs of $49.1 million, resulting from severance and other termination benefits for employees whose roles were eliminated, lease terminations costs as a result of the accelerated amortization of various right-of-use assets and other restructuring costs, including those costs related to the wind-down of Modus.” 10-K for 2023
Our summaryCompany implemented a further workforce reduction and scaled down its New York administrative office to reduce occupancy costs.
Word for word“During the year ended December 31, 2023, we implemented a further workforce reduction and took actions to reduce our occupancy costs, the most significant being the scaling down of our New York administrative office.” 10-K for 2023
Our summaryCompany recorded severance and lease termination costs for 2023 restructuring activities, with severance costs of $8.9 million in 2023 and $40.6 million in 2022.
Word for word“During the year ended December 31, 2023, the Company incurred restructuring costs of $ 30.4 million in connection with these actions.” 10-K for 2023
Our summaryCompany recorded restructuring costs from severance, lease terminations and other actions during 2024, mainly lease termination costs from accelerated amortization of right-of-use assets.
Word for word“As a result of restructuring actions taken during the years ended December 31, 2024, 2023 and 2022, the Company incurred restructuring costs of $ 9.7 million, $ 30.4 million and $ 49.1 million, respectively, resulting from severance and other termination benefits for employees whose roles were eliminated, lease terminations costs as a result of the accelerated amortization of various right-of-use assets and other restructuring costs, including those costs related to the wind-down of Modus.” 10-K for 2024
Our summaryCompany recorded restructuring costs in 2023 for lease terminations and severance for employees whose roles were eliminated.
Word for word“Severance related personnel costs $ — $ 8.9 $ 40.6 Lease termination costs 9.7 21.5 7.7 Accelerated amortization of intangible assets — — 4.6 Accelerated depreciation 2.0 5.3 2.5 Other restructuring activities — — 0.8 Total expense $ 11.7 $ 35.7 $ 56.2” 10-K for 2024
Our summaryCompany recorded 2022 restructuring costs including severance for eliminated roles, lease terminations, and the wind-down of Modus, and scaled down its New York administrative office.
Word for word“Beginning in 2022, the Company enacted certain workforce reductions, wound down Modus Technologies, Inc. ("Modus"), terminated certain of its operating leases and took actions to reduce its occupancy costs, the most significant being the scaling down of its New York administrative office.” 10-K for 2024
Our summaryCompany's future lease payments related to restructuring lease terminations were estimated over future periods.
Word for word“The following table summarizes the estimated timing of the Company's future lease and lease-related payments, net of amounts contractually subleased, related to restructuring activities for lease termination costs as of December 31, 2024 (in millions): Payment Due by Period 2025 $ 12.9 2026 6.9 2027 6.1 Thereafter 9.9 Total $ 35.8” 10-K for 2024
Our summaryCompass is carrying out a reduction in force tied to integrating Anywhere, and expects severance charges in the first quarter of 2026.
Word for word“In connection with the ongoing integration of Anywhere and in support of the Company’s efforts to streamline the combined company’s organizational structure, the Company is implementing an ongoing reduction in force under a plan of termination and estimates to record pre-tax charges in the range of approximately $50 million to $55 million during the first quarter of 2026 for severance and other termination benefits.” 10-K for 2025
Our summaryCompass recorded restructuring costs in 2025, 2024 and 2023 from severance, lease terminations and other restructuring actions.
Word for word“As a result of restructuring actions taken during the years ended December 31, 2025, 2024 and 2023, the Company incurred restructuring costs of $ 17.1 million, $ 9.7 million and $ 30.4 million, respectively, resulting from severance and 105 Table of Contents Compass, Inc.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred |
|---|---|---|
| 2020-12-31 | $10.3 million | — |
| 2021-12-31 | $0 | — |
| 2022-12-31 | $49.1 million | $56.2 million |
| 2023-12-31 | $30.4 million | $35.7 million |
| 2024-12-31 | $9.7 million | $11.7 million |
| 2025-12-31 | $17.1 million | $17.9 million |
Compass filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Compass’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.