Endeavor Group Holdings layoffs, on the record
Every job cut, severance charge and restructuring Endeavor Group Holdings reported in its annual reports, 2022 to 2024, quoted from the filings. Headcount went from approximately 11,000 to approximately 10,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | approximately 11,000 | December 31, 2022 |
| 10-K for 2023 | approximately 10,000 | As of December 31, 2023 |
| 10-K for 2024 | approximately 10,000 | December 31, 2024 |
Job cuts, severance and restructuring
Our summaryCompany reported restructuring, severance and impairment charges for 2022 that primarily related to an investment impairment in Events, Experiences & Rights, a write-off of an asset in Corporate, and restructuring expenses in Events, Experiences & Rights and Representation.
Word for word“Such costs for the year ended December 31, 2022 primarily related to an investment impairment in our Events, Experiences & Rights segment, a write off of an asset in Corporate and the restructuring expenses in our Events, Experiences & Rights and Representation segments.” 10-K for 2022
Our summaryCompany recorded restructuring and severance costs in 2021, including goodwill impairment and severance and restructuring expenses in Representation and Events, Experiences & Rights.
Word for word“Such costs for the year ended December 31, 2021 included approximately $6 million related to the impairment of goodwill and $3 million for severance and restructuring expenses, both primarily related to our Representation and Events, Experiences & Rights segments.” 10-K for 2022
Our summaryCompany recorded restructuring and severance costs in 2020, primarily related to COVID-19, across Owned Sports Properties, Events, Experiences & Rights and Corporate.
Word for word“Such costs for the year ended December 31, 2020 included approximately $220 million related to the impairment of intangible assets and goodwill, approximately $19 million related to the impairment of certain other assets and investments and approximately $32 million for severance and restructuring expenses, in each case primarily related to COVID-19, and primarily related to our Owned Sports Properties and Events, Experiences & Rights segments and Corporate.” 10-K for 2022
Our summaryCompany reported restructuring, severance and impairment charges in its Adjusted EBITDA reconciliation for each of 2022, 2021 and 2020.
Word for word“Restructuring, severance and impairment (4) 13,258 8,490 271,868 Fair value adjustment - equity investments (5) (12,029 ) (21,558 ) 469 Equity method losses - Learfield IMG College and Endeavor Content (6) 218,566 76,135 250,726 COVID-19 related costs (7) — — 2,692 Gain on sale of the restricted Endeavor Content business (8) (463,641 ) — — Tax receivable agreement liability adjustment (9) 873,264 101,736 — Other (10) 16,977 54,887 (57,835 ) Adjusted EBITDA $ 1,163,528 $ 880,316 $ 572,547 Net income (loss) margin 6.1 % (9.2 %) (18.0 %) Adjusted EBITDA margin 22.1 % 17.3 % 16.5 %” 10-K for 2022
Our summaryRestructuring, severance and impairment charges were recorded in 2023, mainly impairments of intangible assets and goodwill in Events, Experiences & Rights plus restructuring expenses across all segments and Corporate.
Word for word“Such costs for the year ended December 31, 2023 primarily related to the impairments of intangible assets and goodwill in our Events, Experiences & Rights segment of approximately $75 million; and restructuring expenses across all of our segments and Corporate of approximately $40 million.” 10-K for 2023
Our summaryRestructuring, severance and impairment charge line item in the reconciliation of Adjusted EBITDA for 2023.
Word for word“Restructuring, severance and impairment (4) 126,661 13,258 8,490 Fair value adjustment - equity investments (5) (985 ) (12,029 ) (21,558 ) Equity method losses - Learfield IMG College and Endeavor Content (6) 11,113 218,566 76,135 Net gain on sale of the restricted Endeavor Content business (7) — (463,641 ) — Net gain on sale of the Academy business (8) (736,978 ) — — Tax receivable agreement liability adjustment (9) (40,635 ) 873,264 101,736 Other (10) (33,667 ) 16,977 54,887 Adjusted EBITDA $ 1,215,723 $ 1,163,528 $ 880,316 Net income (loss) margin 9.4 % 6.1 % (9.2 %) Adjusted EBITDA margin 20.4 % 22.1 % 17.3 % (1) Equity-based compensation represents primarily non-cash compensation expense associated with our equity-based compensation plans.” 10-K for 2023
Our summarySelling, general and administrative expenses rose in 2023 partly due to restructuring charges tied to the Transactions.
Word for word“The increase was due to professional advisor costs, bonuses and restructuring charges, including equity-based compensation expenses, related to the Transactions; the inclusion of OpenBet, Barrett-Jackson and WWE during 2023; and cost of personnel, including equity-based compensation, driven by growth in the business and the continued investment ahead of the Olympics, which began in the second half of 2022, partially offset by the sales of the Academy and DBH.” 10-K for 2023
Our summaryThe company recorded restructuring, severance and impairment charges for 2024, including restructuring expenses in all of its segments and Corporate and other, along with asset impairments and a loss on assets sold.
Word for word“(5) Includes certain costs related to our restructuring activities and non-cash impairment charges.” 10-K for 2024
Our summaryThe company recorded restructuring expenses across all of its segments and Corporate and other in 2023, along with impairments of intangible assets and goodwill.
Word for word“Such costs for the year ended December 31, 2023 primarily related to the impairments of intangible assets and goodwill in our Events, Experiences & Rights segment of approximately $75 million; and restructuring expenses across all of our segments and Corporate and other of approximately $40 million.” 10-K for 2024
Endeavor Group Holdings 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 Endeavor Group Holdings’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-27. 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.