Corpay layoffs, on the record
Every job cut, severance charge and restructuring Corpay reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 10,500 to approximately 11,200.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 10,500 | As of December 31, 2023 |
| 10-K for 2024 | approximately 11,200 | December 31, 2024 |
Job cuts, severance and restructuring
Our summaryThe filing reports restructuring, related and other costs as a non-GAAP adjustment to net income for 2023 and 2022, without describing a workforce reduction or severance program.
Word for word“Restructuring, related and other costs 2 3,825 6,690 Legal settlements/litigation 2,750 6,051 Gain on disposition of business (13,712) — Total pre-tax adjustments 373,479 393,006 Income taxes 3 (96,781) (110,634) Adjusted net income $ 1,258,588 $ 1,236,699 Adjusted net income per diluted share $ 16.92 $ 16.10 Diluted shares 74,387 76,862 1 Includes amortization related to intangible assets, premium on receivables, deferred financing costs and debt discounts.” 10-K for 2023
Our summaryCorpay recorded restructuring and related costs as a non-GAAP adjustment in its 2024 reconciliation of adjusted net income.
Word for word“Restructuring and related costs 2 9.3 4.6 Other 2,3 19.1 2.0 Goodwill impairment 90.0 — Gain on disposition of business (121.3) (13.7) Total adjustments 391.5 373.5 Income tax impact of pre-tax adjustments at the effective tax rate 4 (98.7) (96.8) Discrete tax items 5 67.5 — Adjusted net income attributable to Corpay $ 1,364.1 $ 1,258.6 Adjusted net income per diluted share attributable to Corpay $ 19.01 $ 16.92 Diluted shares 71.8 74.4 1 Includes amortization related to intangible assets, premium on receivables, deferred financing costs and debt discounts.” 10-K for 2024
Our summaryThe company recorded restructuring and related costs as a non-GAAP adjustment to net income for 2025, up from the prior year.
Word for word“Restructuring and related costs 2 18.4 9.3 Gain on disposition, net (42.3) (121.3) Goodwill impairment — 90.0 Adjustments at equity method investment, net of tax 28.5 — Other 2 15.0 19.1 Total adjustments 515.1 391.5 Income tax impact of pre-tax adjustments at the effective tax rate 3 (127.7) (98.7) Discrete tax items 4 60.8 67.5 Adjusted net income attributable to Corpay $ 1,518.1 $ 1,364.1 Adjusted net income per diluted share attributable to Corpay 5 $ 21.38 $ 19.01 Diluted shares 71.1 71.8 1 Includes consolidated amortization related to intangible assets, premium on receivables, deferred financing costs and debt discounts.” 10-K for 2025
Corpay 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 Corpay’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.