Evercore layoffs, on the record
Every job cut, severance charge and restructuring Evercore reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 2,195 to approximately 2,570.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 2,195 | December 31, 2023 |
| 10-K for 2024 | approximately 2,380 | December 31, 2024 |
| 10-K for 2025 | approximately 2,570 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded termination costs and accelerated share-based payment expense tied to affected employees; the 2023 acceleration expense is stated, but the 2023 termination cost amount is not in this excerpt.
Word for word“In addition to the above Termination Costs incurred, for the years ended December 31, 2023 and 2022, the Company also incurred expenses related to the acceleration of the amortization of share-based payments previously granted to affected employees of $ 7,895 and $ 2,244 , respectively (related to 76 and 28 RSUs, respectively).” 10-K for 2023
Our summaryIncurred termination costs and accelerated share-based payment expense for affected employees.
Word for word“For the year ended December 31, 2021, the Company incurred Termination Costs of $ 2,780 and expenses related to the acceleration of the amortization of share-based payments previously granted to affected employees of $ 2,434 (related to 34 RSUs).” 10-K for 2023
Our summaryThe company recorded separation and transition related termination costs, including severance and stay arrangements, for affected employees.
Word for word“The following table presents the change in the Company's liability related to separation benefits, stay arrangements and accelerated deferred cash compensation (together, "Termination Costs") for the years ended December 31, 2024 and 2023:” 10-K for 2024
Our summaryThe company also recorded expense for accelerating amortization of share-based payments for employees affected by the separation actions.
Word for word“In addition to the above Termination Costs incurred, for the years ended December 31, 2024 and 2023, the Company also incurred expenses related to the acceleration of the amortization of share-based payments previously granted to affected employees of $ 5,950 and $ 7,895 , respectively (related to 51 and 76 RSUs, respectively).” 10-K for 2024
Our summaryThe company reported Special Charges, including Business Realignment Costs, in its income statement.
Word for word“Special Charges, Including Business Realignment Costs 7,305 2,921 3,126 150 % (7 %) Total Expenses 2,452,679 2,066,814 2,066,006 19 % — % Income Before Income from Equity Method Investments and Income Taxes 526,914 359,135 696,042 47 % (48 %) Income from Equity Method Investments 6,231 6,655 7,999 (6 %) (17 %) Income Before Income Taxes 533,145 365,790 704,041 46 % (48 %) Provision for Income Taxes 115,408 80,567 172,626 43 % (53 %) Net Income 417,737 285,223 531,415 46 % (46 %) Net Income Attributable to Noncontrolling Interest 39,458 29,744 54,895 33 % (46 %) Net Income Attributable to Evercore Inc. $ 378,279 $ 255,479 $ 476,520 48 % (46 %) Diluted Weighted Average Shares of Class A Common Stock Outstanding 41,646 40,099 41,037 4 % (2 %) Diluted Net Income Per Share Attributable to Evercore Inc. Common Shareholders $ 9.08 $ 6.37 $ 11.61 43 % (45 %) 33 Table of Contents (1) Non-Compensation expenses are as follows: For the Years Ended December 31, Change 2024 2023 2022 2024 v. 2023 2023 v. 2022 (dollars in thousands) Non-Compensation Occupancy and Equipment Rental $ 90,953 $ 84,329 $ 78,437 8 % 8 % Professional Fees 135,726 108,801 108,288 25 % — % Travel and Related Expenses 79,446 64,527 50,183 23 % 29 % Communications and Information Services 81,474 71,603 62,642 14 % 14 % Depreciation and Amortization 24,468 24,348 27,713 — % (12 %) Execution, Clearing and Custody Fees 13,211 12,275 10,345 8 % 19 % Other Operating Expenses 46,060 41,135 27,753 12 % 48 % Total Non-Compensation $ 471,338 $ 407,018 $ 365,361 16 % 11 % 2024 versus 2023 Net Income Attributable to Evercore Inc. was $378.3 million in 2024, an increase of $122.8 million, or 48%, compared to $255.5 million in 2023. [...] Investment Banking & Equities The following table summarizes the operating results of the Investment Banking & Equities segment. For the Years Ended December 31, Change 2024 2023 2022 2024 v. 2023 2023 v. 2022 (dollars in thousands) Revenues Investment Banking & Equities: Advisory Fees $ 2,440,605 $ 1,963,857 $ 2,392,990 24 % (18 %) Underwriting Fees 157,067 111,016 122,596 41 % (9 %) Commissions and Related Revenue 214,045 202,789 206,207 6 % (2 %) Other Revenue, net (1)(2) 86,772 78,281 (25,668) 11 % NM Net Revenues 2,898,489 2,355,943 2,696,125 23 % (13 %) Expenses Employee Compensation and Benefits 1,927,928 1,617,449 1,658,076 19 % (2 %) Non-Compensation (4) 456,257 393,308 351,837 16 % 12 % Special Charges, Including Business Realignment Costs 7,305 2,921 3,126 150 % (7 %) Total Expenses 2,391,490 2,013,678 2,013,039 19 % — % Operating Income 506,999 342,265 683,086 48 % (50 %) Income from Equity Method Investments (3) 1,073 620 1,217 73 % (49 %) Pre-Tax Income $ 508,072 $ 342,885 $ 684,303 48 % (50 %) (1) Includes interest expense on Notes Payable and lines of credit of $16.8 million, $16.7 million and $16.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.” 10-K for 2024
Our summaryThe company recorded separation benefits, stay arrangements and accelerated deferred cash compensation (Termination Costs) in 2023 and extra expense from accelerating share-based payments for affected employees.
Word for word“For the year ended December 31, 2023, the Company incurred Termination Costs of $ 7,843 and expenses related to the acceleration of the amortization of share-based payments previously granted to affected employees of $ 7,895 (related to 76 RSUs).” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $6.8 million | — | — |
| 2017-12-31 | $6.7 million | — | — |
| 2018-12-31 | $9.4 million | — | — |
| 2019-12-31 | $7.8 million | $7.8 million | $6.4 million |
| 2020-12-31 | $30.3 million | — | $26.5 million |
| 2021-12-31 | $2.8 million | — | $6.5 million |
| 2022-12-31 | $8.5 million | — | $4 million |
| 2023-12-31 | $7.8 million | — | $10.1 million |
| 2024-12-31 | $10.1 million | — | $11.7 million |
| 2025-12-31 | $10 million | — | $10 million |
Evercore 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 Evercore’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 2026-02-20. 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.