Forward Air layoffs, on the record
Every job cut, severance charge and restructuring Forward Air reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 4,014 | December 31, 2023 |
| 10-K for 2024 | 6,319 | December 31, 2024 |
| 10-K for 2025 | 6,062 full-time employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company reports non-recurring costs tied to combining operations with Omni, including severance and retention payments, and says it will keep incurring integration costs.
Word for word“The Company has incurred a number of non - recurring costs associated with combining the operations of the two Company and Omni, as well as transaction fees and other costs related to the Omni Acquisition.” 10-K for 2023
Our summaryCompany reported severance and related employment costs, including retention and severance payments, as part of transaction and integration costs for the Omni Acquisition.
Word for word“These costs and expenses include fees paid to financial, legal and accounting advisors, severance and other potential employment-related costs, including retention and severance payments that may be made to certain of our employees and Omni employees, filing fees, printing expenses and other related charges.” 10-K for 2024
Our summaryCompany entered into a release and separation agreement with former executive Thomas Schmitt.
Word for word“10.34 * Release and Separation Agreement, by and between the registrant and Thomas Schmitt, dated March 19, 2024 (incorporated herein by reference to Exhibit 10.1 to the registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 and filed with the Securities and Exchange Commission on May 15, 2024)” 10-K for 2024
Our summaryCompany adopted an Enhanced Severance Program, listed as an exhibit.
Word for word“10.44 * Form of Enhanced Severance Program (incorporated herein by reference to Exhibit 10.6 to the registrant's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 filed with the Securities and Exchange Commission on August 9, 2024)” 10-K for 2024
Our summaryCompany entered into separation and general release agreements with former executives Kyle Mitchin and Chris Ruble.
Word for word“10.46 # S eparation and General Release Agreement between Kyle Mitchin and Forward Air Corporation 10.47 # Separation and General Release Agreement between Chris Ruble and Forward Air Corporation 19.1 # Insider Trading Policy” 10-K for 2024
Our summaryThe company is carrying out a transformation of the combined business, evaluating and integrating the solutions and service offerings available to customers to maximize revenues and efficiencies.
Word for word“In addition, as previously disclosed, we are implementing a transformation of the combined business which includes evaluating and integrating the solutions and service offerings available to our customers in order to maximize revenues and efficiencies.” 10-K for 2025
Forward Air 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 Forward Air’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 2026-03-11. 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.