Stratrix
On the Record · Ferguson Enterprises

Ferguson Enterprises layoffs, on the record

Every job cut, severance charge and restructuring Ferguson Enterprises reported in its annual reports, 2024 to 2025, quoted from the filings. Headcount went from approximately 35,000 to approximately 35,000.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2024approximately 35,000July 31, 2024
10-K for 2025approximately 35,000As of July 31, 2025

Job cuts, severance and restructuring

  1. Our summaryCorporate restructuring costs of $28 million were recorded in fiscal 2024, tied to incremental costs of the Merger. fiscal 2024

    Word for word“(1) For fiscal 2024, corporate restructuring costs related to incremental costs in connection with the Merger.” 10-K for 2024

  2. Our summaryFiscal 2024 SG&A ratio rose partly because of corporate restructuring costs.

    Word for word“The increase in SG&A as a percent of sales primarily reflects the impact of wage and infrastructure cost inflation, corporate restructuring costs and the impact of acquisitions.” 10-K for 2024

  3. Our summaryIn fiscal 2025 the company took targeted actions to streamline operations and recorded non-recurring business restructuring expenses, mostly in the United States, including severance costs. Cost: $ 73 million

    Word for word“As a result of these actions, non-recurring business restructuring expenses of $ 73 million were incurred, primarily in the United States.” 10-K for 2025

  4. Our summaryThe business restructuring charges were mainly severance costs plus non-cash branch and facility costs, mostly lease impairments. Cost: severance costs of $ 45 million, as well as $ 15 million of non-cash branch and facility costs

    Word for word“The charges primarily related to severance costs of $ 45 million, as well as $ 15 million of non-cash branch and facility costs, mainly related to lease impairments.” 10-K for 2025

  5. Our summaryThe company recorded charges for closing some smaller, underperforming branches in the United States in fiscal 2023. During fiscal 2023 · Cost: $ 18 million

    Word for word“During fiscal 2023, the Company recorded charges of $ 18 million related to the closure of certain smaller, underperforming branches in the United States, primarily related to impairment of lease assets and related fixed assets.” 10-K for 2025

  6. Our summaryThe company recorded corporate restructuring expenses tied to transition activities after moving its parent company's domicile to the United States. Cost: $7 million

    Word for word“Corporate restructuring expenses were $7 million and $28 million in fiscal 2025 and 2024, respectively.” 10-K for 2025
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedSeverance costs
2025-07-31$45 million

Ferguson Enterprises 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 Ferguson Enterprises’s annual reports (10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2025-09-26. 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.