ExlService Holdings layoffs, on the record
Every job cut, severance charge and restructuring ExlService Holdings reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 54,000 to over 65,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 54,000 | December 31, 2023 |
| 10-K for 2024 | over 59,500 | As of December 31, 2024 |
| 10-K for 2025 | over 65,000 | — |
Job cuts, severance and restructuring
Our summaryIn the second quarter of 2024 the company started and carried out a strategic restructuring plan to align its workforce, affecting less than 1% of its global workforce, with employee-related costs and other associated costs recorded.
Word for word“In second quarter of 2024, the Company initiated a strategic restructuring plan to align its workforce with market opportunities, business strategies and evolving customer needs.” 10-K for 2024
Our summaryThe company recorded restructuring costs for the 2024 plan, covering employee severance and other costs such as legal fees and outplacement support.
Word for word“The restructuring costs of $ 4,762 included costs in relation to employee severance and other associated costs including legal fees and outplacement support costs.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2019-12-31 | — | $5 million | $2 million |
| 2020-12-31 | — | — | $2.5 million |
| 2024-12-31 | $4.8 million | — | $4.8 million |
ExlService Holdings filed 2 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from ExlService Holdings’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 2026-02-24. 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.