F5 layoffs, on the record
Every job cut, severance charge and restructuring F5 reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 6,524 to 6,578.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 6,524 | As of September 30, 2023 |
| 10-K for 2024 | 6,557 | As of September 30, 2024 |
| 10-K for 2025 | 6,578 | September 30, 2025 |
Job cuts, severance and restructuring
Our summaryIn the third quarter of fiscal 2023 F5 started a restructuring plan that included a reduction in force, with the company's Note 13 putting the affected headcount at about 620 employees.
Word for word“In the third quarter of fiscal 2023, the Company initiated a restructuring plan to better align strategic and financial objectives, optimize operations, and drive efficiencies for long-term growth and profitability, including a reduction in force affecting approximately 620 employees, or approximately 9 % of the Company's global workforce as of April 19, 2023.” 10-K for 2023
Our summaryThe third quarter 2023 restructuring plan was expected to produce annualized savings from the headcount reductions.
Word for word“We estimate the expenses associated with the headcount reductions will result in annualized savings of approximately $130 million.” 10-K for 2023
Our summaryF5 started restructuring plans in the first quarters of fiscal 2023 and 2022 that included a reduction in force, recording a restructuring charge in fiscal 2023 tied to a reduction in workforce.
Word for word“In the first quarters of fiscal 2023 and 2022, the Company initiated restructuring plans to match strategic and financial objectives and optimize resources for long term growth, including a reduction in force program.” 10-K for 2023
Our summaryIn the first quarter of fiscal 2024, F5 initiated a restructuring plan that included a reduction in force program, recording a restructuring charge.
Word for word“In the first quarter of fiscal 2024, the Company initiated a restructuring plan to match strategic and financial objectives and optimize resources for long-term growth, including a reduction in force program.” 10-K for 2024
Our summaryIn the first quarters of fiscal 2023 and 2022, F5 started restructuring plans that included reduction in force programs; the first quarter of fiscal 2023 plan recorded a charge.
Word for word“In the first quarter of fiscal 2023, the Company recorded a restructuring charge of $ 8.7 million.” 10-K for 2024
Our summaryIn the first quarter of fiscal 2022, F5 recorded a restructuring charge under a restructuring plan that included a reduction in force program.
Word for word“In the first quarter of fiscal 2022, the Company recorded a restructuring charge of $ 7.9 million.” 10-K for 2024
Our summaryF5 reported a reduction in personnel costs in sales and marketing, driven by a workforce reduction under the third quarter fiscal 2023 restructuring plan.
Word for word“The decrease in sales and marketing expense for fiscal year 2024 was primarily due to a decrease of $34.8 million in personnel costs, largely driven by a reduction in workforce as part of the third quarter of fiscal 2023 restructuring plan.” 10-K for 2024
Our summaryF5 reported a reduction in personnel costs in research and development, driven by workforce reductions under the first quarter fiscal 2024 and third quarter fiscal 2023 restructuring plans.
Word for word“The decrease in research and development expense for fiscal year 2024 was primarily due to a decrease of $36.7 million in personnel costs, largely driven by reductions in workforce as part of the first quarter of fiscal 2024 and third quarter of fiscal 2023 restructuring plans.” 10-K for 2024
Our summaryIn the fourth quarter of fiscal 2025 the company recorded a restructuring charge for a plan that included a reduction in force.
Word for word“In the fourth quarter of fiscal 2025, the Company recorded a restructuring charge of $ 14.3 million.” 10-K for 2025
Our summaryThe company paid severance benefits and related employer payroll taxes during fiscal 2025 under its fourth quarter restructuring plan.
Word for word“For the year ended September 30, 2025, cash paid for severance benefits costs and related employer payroll taxes was $ 5.5 million.” 10-K for 2025
Our summaryIn the first quarter of fiscal 2025 the company recorded a restructuring charge under a plan including a reduction in force.
Word for word“In the first quarter of fiscal 2025, the Company recorded a restructuring charge of $ 11.3 million.” 10-K for 2025
Our summaryIn the first quarter of fiscal 2024 the company recorded a restructuring charge under a plan including a reduction in force.
Word for word“In the first quarter of fiscal 2024, the Company recorded a restructuring charge of $ 9.8 million.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring | Positions eliminated |
|---|---|---|---|
| 2016-09-30 | $0 | — | — |
| 2017-09-30 | $12.7 million | $5 million | — |
| 2018-09-30 | $18.4 million | $17.9 million | 215 |
| 2019-09-30 | $0 | — | — |
| 2020-09-30 | $7.8 million | $7.6 million | — |
| 2021-09-30 | $0 | — | — |
| 2022-09-30 | $7.9 million | — | — |
| 2023-09-30 | $65.4 million | — | — |
| 2024-09-30 | $8.7 million | — | — |
| 2025-09-30 | $25.5 million | — | — |
F5 filed 3 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 F5’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 2025-11-25. 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.