Fortrea layoffs, on the record
Every job cut, severance charge and restructuring Fortrea reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 18,000 to approximately 14,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 18,000 | — |
| 10-K for 2024 | approximately 15,500 | — |
| 10-K for 2025 | approximately 14,300 | — |
Job cuts, severance and restructuring
Our summaryRecorded net restructuring charges in 2023 to reduce overcapacity and align resources, including eliminating redundant positions, with charges of severance and other employee costs and lease and facility costs.
Word for word“The Company recorded net restructuring charges of $ 24.3 , including impairment of facility related assets of $ 0.2 , which are reflected within restructuring and other charges in the consolidated and combined statements of operations.” 10-K for 2023
Our summaryStated that the 2023 restructuring actions are expected to continue throughout 2024.
Word for word“These restructuring actions are expected to continue throughout 2024.” 10-K for 2023
Our summaryRecorded net restructuring charges in 2022 that included severance and other employee costs and lease and facility costs.
Word for word“The charges were comprised of $ 16.5 in severance and other employee costs and $ 14.2 in lease and other facility- 81 Table of Contents FORTREA HOLDINGS INC NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS (in millions unless stated otherwise) related costs.” 10-K for 2023
Our summaryRecorded net restructuring charges in 2021 that included severance and other employee costs and lease and facility costs.
Word for word“During 2021, the Company recorded net restructuring charges of $ 20.7 , including impairment of facility related assets of $ 2.8 , which are reflected within restructuring and other charges in the combined statements of operations.” 10-K for 2023
Our summaryDescribed restructuring charges as associated with general cost improvement and headcount reduction initiatives at various locations around the world.
Word for word“The charges were comprised of severance and other personnel costs and lease and other facility-related costs associated with general cost improvement and headcount reduction initiatives at various locations around the world.” 10-K for 2023
Our summaryCompany approved a restructuring plan in the fourth quarter of 2024 to streamline operations and eliminate redundant positions, recording a restructuring charge related to it.
Word for word“In addition, in the fourth quarter of 2024, the Company approved a restructuring plan to streamline its operations and eliminate redundant positions.” 10-K for 2024
Our summaryCompany recorded net restructuring charges during 2024, comprised mainly of severance and other employee costs, with actions expected to continue through 2025.
Word for word“During 2024, the Company recorded net restructuring charges of $ 50.1 , including impairment of facility related assets of $ 4.8 and other charges of $ 7.1 , which are reflected within restructuring and other charges in the consolidated and combined statements of operations.” 10-K for 2024
Our summaryCompany took actions in 2023 to reduce overcapacity, align resources and restructure operations, including eliminating redundant positions.
Word for word“During 2023, the Company took actions to reduce overcapacity, align resources, and restructure certain operations.” 10-K for 2024
Our summaryCompany recorded net restructuring charges in 2022 for severance and facility costs, including facility asset impairments.
Word for word“During 2022, the Company recorded net restructuring charges of $ 25.9 , including impairment of facility related assets of $ 2.0 , which are reflected within restructuring and other charges in the combined statements of operations.” 10-K for 2024
Our summaryThe company recorded net restructuring charges in 2025 and 2024 to streamline operations and eliminate redundant positions, including facility-related asset impairments.
Word for word“During the years ended December 31, 2025 and 2024, the Company recorded net restructuring charges of $44.1 and $50.1, respectively, which are reflected within Restructuring and other charges in the consolidated and combined statements of operations.” 10-K for 2025
Our summaryThe company approved restructuring plans in the fourth quarters of 2024 and 2025 to streamline operations and eliminate redundant positions.
Word for word“In addition, in the fourth quarters of 2024 and 2025, the Company approved restructuring plans to streamline its operations and eliminate redundant positions.” 10-K for 2025
Our summaryThe company recorded severance-related charges under the 2024 and 2025 restructuring plans.
Word for word“The Company recorded restructuring charges of $ 21.3 and $ 18.1 related to the 2024 and 2025 plans, respectively, which relate primarily to severance benefits and are accounted for under ASC 712, Compensation - Nonretirement Postemployment Benefits.” 10-K for 2025
Our summaryIn 2025 the company recorded net restructuring charges, mostly severance and employee costs plus facility costs.
Word for word“During 2025, the Company recorded net restructuring charges of $ 44.1 , including impairment of facility related assets of $ 3.2 and other charges of $ 7.3 , which are reflected within restructuring and other charges in the consolidated and combined statements of operations.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2021-12-31 | $16.8 million | $20.7 million | $16.3 million |
| 2022-12-31 | $27.7 million | $25.9 million | $23.7 million |
| 2023-12-31 | $21.2 million | $21.2 million | $26.5 million |
| 2024-12-31 | $42 million | $50.1 million | — |
| 2025-12-31 | $33.6 million | $44.1 million | — |
Fortrea 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 Fortrea’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 2026-02-26. 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.