Fluor layoffs, on the record
Every job cut, severance charge and restructuring Fluor reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 30,187 to 22,995.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 30,187 | December 31, 2023 |
| 10-K for 2024 | 26,866 | December 31, 2024 |
| 10-K for 2025 | 22,995 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryNuScale announced austerity measures to reduce costs, including a workforce reduction, expected to lessen NuScale's losses in future periods.
Word for word“In January 2024, NuScale announced austerity measures to reduce cost including a workforce reduction, which is expected to lessen NuScale's losses in future periods.” 10-K for 2023
Our summaryFluor reported severance expense within general and administrative expense, which rose to 5 in 2023 from 1 in 2022.
Word for word“G&A YEAR ENDED DECEMBER 31, (in millions) 2023 2022 2021 G&A Compensation $ 165 $ 145 $ 164 SEC investigation / Internal review costs 1 38 27 Facilities 14 16 14 Exit costs 6 7 — Reserve for legacy legal claims 3 5 — Severance 5 1 8 Gain on sale of land and buildings — (11) (13) Other 38 36 26 G&A $ 232 $ 237 $ 226 The increase in compensation expense in 2023 was driven by higher performance-based compensation, including annual bonus projections and the effects of our higher stock price on stock-based liability awards.” 10-K for 2023
Our summaryCraft and hourly headcount decreased during 2023, primarily due to the sale of the Stork business in Latin America.
Word for word“The decrease in craft and hourly employees during 2023 primarily relates to the sale of our Stork business in Latin America.” 10-K for 2023
Our summaryDecided to close Stork operations in Trinidad and Tobago, requiring a severance charge.
Word for word“In the third quarter of 2024, we decided to close our Stork operations in Trinidad and Tobago which required us to take a $7 million severance charge.” 10-K for 2024
Our summaryTotal headcount fell 11% from the prior year, mainly due to the sale of the Stork business in continental Europe.
Word for word“Total headcount reflects an 11% reduction from last year, primarily due to the sale of our Stork business in continental Europe.” 10-K for 2024
Our summaryThe company reported that its total headcount fell 14% from the prior year, mainly because it sold its Stork business in the U.K. and took steps to improve operational efficiency.
Word for word“Total headcount reflects an 14% reduction from last year, primarily due to the sale of our Stork business in the U.K. as well as actions taken to enhance our operational efficiency.” 10-K for 2025
Our summaryThe company recorded severance and exit costs in 2025, mainly tied to closing certain international offices.
Word for word“During 2025, we recognized severance and exit costs primarily related to certain international office closures.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2017-12-31 | — | $0 |
| 2018-12-31 | — | $0 |
| 2019-12-31 | $30.5 million | $318.4 million |
| 2020-12-31 | $5.3 million | $380 million |
| 2021-12-31 | — | $290 million |
| 2022-12-31 | — | −$24 million |
| 2023-12-31 | — | $0 |
| 2024-12-31 | — | $0 |
Fluor 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 Fluor’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 2026-02-17. 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.