Expro Group Holdings layoffs, on the record
Every job cut, severance charge and restructuring Expro Group Holdings reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 8,000 to approximately 8,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 8,000 | December 31, 2023 |
| 10-K for 2024 | approximately 8,500 | As of December 31, 2024 |
| 10-K for 2025 | approximately 8,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company reported higher severance and other expense for 2023, driven mainly by unrecoverable LWI-related costs and a change in the fair value of deferred consideration.
Word for word“Severance and other expense for the year ended December 31, 2023 increased by $6.6 million, to $14.4 million as compared to $7.8 million for the year ended December 31, 2022.” 10-K for 2023
Our summaryThe company recorded cash payments for severance and other expense during 2023.
Word for word“Cash paid during the year for severance and other expense 12,304 3,970 8,052 Cash paid during the year for merger and integration expense 17,403 27,344 36,921 Adjusted Cash Flow from Operations $ 170,193 $ 115,334 $ 65,309 Adjusted EBITDA $ 248,880 $ 206,233 $ 125,940 Cash Conversion 68.4 % 55.9 % 51.9 % 37 Table of Contents” 10-K for 2023
Our summaryThe company tied its integration related restructuring in the U.S. to consolidating its U.S. operations under one operating group, which affected its net operating loss carryforwards.
Word for word“The net operating loss carryforwards have been adjusted due to expected utilization during 2023 and integration related restructuring in the U.S. as the Company consolidated U.S. operations under one operating group.” 10-K for 2023
Our summaryThe company recognized restructuring costs, which were the main driver of higher severance and other expense in 2024.
Word for word“The increase was primarily attributable to the recognition of restructuring costs partially offset by a valuation adjustment of contingent consideration.” 10-K for 2024
Our summaryThe company reported higher cash paid for severance and other expenses, which reduced the growth in operating cash flow.
Word for word“The increase of $31.2 million in net cash provided by operating activities for the year ended December 31, 2024 was primarily driven by an increase in Adjusted EBITDA, partially offset by an increase in working capital, and an increase in cash paid for severance and other expense.” 10-K for 2024
Our summarySeverance and other expense rose in 2025 compared with 2024, mainly because of restructuring activity across all segments.
Word for word“Severance and other expense for the year ended December 31, 2025 increased by $11.5 million, to $28.5 million as compared to $17.0 million for the year ended December 31, 2024.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $16.5 million | $46.4 million | $31.9 million |
| 2017-12-31 | $2.7 million | $2.7 million | — |
| 2018-12-31 | $4.6 million | $4.6 million | — |
| 2019-12-31 | — | $9.7 million | $3.9 million |
| 2020-12-31 | — | $12.3 million | $14.2 million |
| 2022-12-31 | — | — | $12.8 million |
Expro 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 Expro Group 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 2026-02-19. 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.