Cross Country Healthcare layoffs, on the record
Every job cut, severance charge and restructuring Cross Country Healthcare reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 1,400 to approximately 1,106.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 1,400 | December 31, 2024 |
| 10-K for 2025 | approximately 1,106 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany reported restructuring costs for 2023, primarily employee termination costs and ongoing lease costs tied to reducing its real estate footprint, totaling $2.6 million.
Word for word“Restructuring costs for the years ended December 31, 2023 and 2022 were primarily comprised of employee termination costs and ongoing lease costs related to the Company's strategic reduction of its real estate footprint, and totaled $2.6 million and $1.9 million, respectively.” 10-K for 2023
Our summaryCompany recorded restructuring expenses in the second and fourth quarters of 2023 as part of planned cost savings initiatives, comprised of employee termination costs, lease-related exit costs, and reorganization costs.
Word for word“The Company incurred restructuring costs primarily comprised of employee termination costs, lease-related exit costs, and reorganization costs as part of planned cost savings initiatives.” 10-K for 2023
Our summaryCompany expedited restructuring plans during COVID and reduced or fully vacated more than 50 leased office spaces through 2021.
Word for word“In connection with the developments from COVID, we expedited our restructuring plans and either reduced or fully vacated more than 50 leased office spaces through the year ended December 31, 2021.” 10-K for 2023
Our summaryCompany recorded employee termination charges to restructuring in 2023 of $2,491 thousand and paid $2,395 thousand of employee termination costs, leaving a year-end liability of $895 thousand.
Word for word“Reconciliations of the employee termination costs and lease-related exit costs beginning and ending liability balance is presented below: Year Ended December 31, 2023 2022 2021 (amounts in thousands) Employee Termination Costs Lease-Related Exit Costs Employee Termination Costs Lease-Related Exit Costs Employee Termination Costs Lease-Related Exit Costs Balance at beginning of period $ 799 $ 2,196 $ 160 $ 2,423 $ 499 $ 2,687 Charged to restructuring 2,491 62 792 765 814 544 Payments and adjustments ( 2,395 ) ( 1,074 ) ( 153 ) ( 992 ) ( 1,153 ) ( 808 ) Balance at end of period $ 895 $ 1,184 $ 799 $ 2,196 $ 160 $ 2,423 Income Taxes Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax basis of assets and liabilities, and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.” 10-K for 2023
Our summaryThe company recorded restructuring costs for 2024, primarily employee termination costs and ongoing lease exit costs.
Word for word“Restructuring costs of $4.3 million for the year ended December 31, 2024 were primarily comprised of employee termination costs, ongoing lease exit costs, and immaterial software license costs.” 10-K for 2024
Our summaryThe company reported restructuring costs incurred as part of planned cost savings initiatives, recorded by quarter in 2024.
Word for word“In 2024, the Company recorded expenses of $ 0.9 million in the first quarter, $ 2.1 million in the second quarter, and $ 1.0 million in the third quarter.” 10-K for 2024
Our summaryThe company recorded employee termination cost charges and payments in its restructuring liability roll-forward for 2024.
Word for word“Charged to restructuring 2,519 525 2,491 62 792 765 Payments and adjustments ( 3,314 ) ( 921 ) ( 2,395 ) ( 1,074 ) ( 153 ) ( 992 ) Balance at end of period $ 100 $ 788 $ 895 $ 1,184 $ 799 $ 2,196 Income Taxes Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax basis of assets and liabilities, and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.” 10-K for 2024
Our summaryThe company recorded restructuring costs for 2025, mostly employee termination costs.
Word for word“Restructuring costs of $3.7 million for the year ended December 31, 2025 were primarily comprised of employee termination costs.” 10-K for 2025
Our summaryThe company recorded executive severance costs tied to the former CEO's departure in December 2025.
Word for word“During the fourth quarter of 2025, the Company recorded executive transition severance costs of $6.0 million related to the former Chief Executive Officer's separation from the Company in December 2025.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $753,000 |
| 2017-12-31 | $1 million |
| 2018-12-31 | $2.8 million |
| 2019-12-31 | $3.6 million |
| 2020-12-31 | $6.1 million |
| 2021-12-31 | $2.6 million |
| 2022-12-31 | $1.9 million |
| 2023-12-31 | $2.6 million |
| 2024-12-31 | $4.3 million |
| 2025-12-31 | $3.7 million |
Cross Country Healthcare 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 Cross Country Healthcare’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 2026-03-09. 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.