Covista layoffs, on the record
Every job cut, severance charge and restructuring Covista reported in its annual reports, 2024 to 2026, quoted from the filings.
Job cuts, severance and restructuring
Our summaryRestructuring expense was recorded in fiscal 2024, primarily from real estate consolidations at Walden, Medical and Veterinary, and the home office.
Word for word“Restructuring expense was $1.9 million and $18.8 million in fiscal year 2024 and 2023, respectively.” 10-K for 2024
Our summaryRestructuring charges in fiscal 2023 came from real estate consolidations at Walden, Medical and Veterinary, and the home office, resulting in impairments on operating lease assets and property and equipment.
Word for word“This decrease was primarily driven by higher real estate consolidations in fiscal year 2023 at Walden, Medical and Veterinary, and Adtalem's home office resulting in impairments on operating lease assets and property and equipment.” 10-K for 2024
Our summaryThe company continues to incur restructuring charges or reversals related to exited leased space from earlier restructuring activities.
Word for word“We continue to incur restructuring charges or reversals related to exited leased space from previous restructuring activities.” 10-K for 2024
Our summaryAdtalem recorded restructuring expense in fiscal 2025 primarily driven by workforce reductions, costs to exit certain course offerings, and prior real estate consolidations at its home office.
Word for word“During fiscal year 2025, Adtalem recorded restructuring expense primarily driven by workforce reductions, costs to exit certain course offerings, and prior real estate consolidations at Adtalem’s home office.” 10-K for 2025
Our summaryTermination benefit charges for severance and benefits were recorded for employees affected by workforce reductions in fiscal 2025.
Word for word“Termination benefit charges represent severance pay and benefits for employees impacted by workforce reductions.” 10-K for 2025
Our summaryAdtalem recorded restructuring expense in fiscal 2024 primarily driven by prior real estate consolidations at its home office.
Word for word“During fiscal year 2024, Adtalem recorded restructuring expense primarily driven by prior real estate consolidations at Adtalem’s home office.” 10-K for 2025
Our summaryAdtalem recorded restructuring expense in fiscal 2023 from real estate consolidations at Walden, Medical and Veterinary, and the home office, resulting in lease and property impairments.
Word for word“During fiscal year 2023, Adtalem recorded restructuring expense primarily driven by real estate consolidations at Walden, Medical and Veterinary, and Adtalem’s home office resulting in impairments on operating lease assets and property and equipment.” 10-K for 2025
Our summaryCovista recorded higher restructuring expense in fiscal 2026, mainly because of workforce reductions.
Word for word“Restructuring expense was $6.3 million and $3.3 million in fiscal year 2026 and 2025, respectively.” 10-K for 2026
Our summaryCovista recorded restructuring expense in the year ended June 30, 2026, mainly for workforce reductions and earlier real estate consolidations at its home office.
Word for word“During the year ended June 30, 2026, Covista recorded restructuring expense primarily driven by workforce reductions and prior real estate consolidations at Covista’s home office.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-06-30 | $2.4 million | — |
| 2017-06-30 | $13 million | — |
| 2018-06-30 | $3.9 million | $27.1 million |
| 2019-06-30 | $53.1 million | $22.7 million |
| 2020-06-30 | $23.7 million | $3.6 million |
| 2021-06-30 | $6.9 million | $1.9 million |
| 2022-06-30 | $25.6 million | $11 million |
| 2023-06-30 | $18.8 million | $1.7 million |
| 2024-06-30 | $1.9 million | $781,000 |
| 2025-06-30 | $3.3 million | $1.4 million |
Covista 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 Covista’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 2026-08-06. 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.