Formula Systems (1985) layoffs, on the record
Every job cut, severance charge and restructuring Formula Systems (1985) reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 21,900 to 19,337.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 21,900 | 2023 |
| 20-F for 2025 | 19,337 | — |
Job cuts, severance and restructuring
Our summaryThe company states that restructurings and cost reduction measures it implemented in the past reduced the size of its subsidiaries' operations and workforce, and that such measures have included employee separation costs.
Word for word“Restructurings and cost reduction measures that we have implemented in the past have reduced the size of our subsidiaries’ operations and workforce.” 20-F for 2023
Formula Systems (1985) 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 Formula Systems (1985)’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-05-13. 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.