Gen Digital layoffs, on the record
Every job cut, severance charge and restructuring Gen Digital reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from just under 3,400 to approximately 3,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | just under 3,400 | March 29, 2024 |
| 10-K for 2025 | just under 3,500 | March 28, 2025 |
| 10-K for 2026 | approximately 3,900 | April 3, 2026 |
Job cuts, severance and restructuring
Our summaryBoard approved the September 2022 Plan, a restructuring plan tied to the Avast acquisition, including workforce reduction and severance, with total costs expected up to $150 million.
Word for word“We expect that we will incur total costs up to $ 150 million following the completion of the acquisition.” 10-K for 2024
Our summaryCompany reported net severance and termination benefit charges under the September 2022 Plan during fiscal 2024, with cash payments made.
Word for word“Severance and termination benefit costs $ 7 $ 42 $ ( 29 ) $ — $ 20 Contract cancellation charges — 5 ( 5 ) — — Stock-based compensation charges — 1 — ( 1 ) — Asset write-offs — 1 — ( 1 ) — Other exit and disposal costs — 7 ( 7 ) — — Total $ 7 $ 56 $ ( 41 ) $ ( 2 ) $ 20 The restructuring liabilities are included in Other current liabilities in our Consolidated Balance Sheets.” 10-K for 2024
Our summaryCompany recorded total restructuring and other costs in fiscal 2024, including severance and termination benefit costs.
Word for word“Total restructuring and other $ 57 $ 69 $ 31 Occasionally, we incur costs related to past restructuring plans.” 10-K for 2024
Our summaryCompany made cash payments related to the September 2022 Plan during fiscal 2024.
Word for word“During fiscal 2024, we made $41 million in cash payments related to the September 2022 Plan.” 10-K for 2024
Our summaryCompany completed the December 2020 Plan to consolidate facilities and reduce operating costs in connection with the Avira acquisition; actions were completed in fiscal 2022.
Word for word“We incurred total costs of $ 24 million under the December 2020 Plan.” 10-K for 2024
Our summaryRestructuring plan (September 2022 Plan) approved by the Board after the Avast acquisition, including workforce reduction, with costs expected up to $150 million; costs incurred to date of $132 million.
Word for word“Actions under this plan include the reduction of our workforce, contract terminations, facilities closures, and the sale of underutilized facilities as well as stock-based compensation charges for accelerated equity awards to certain terminated employees.” 10-K for 2025
Our summaryFiscal 2025 severance and termination benefit costs under the September 2022 Plan, with the liability balance remaining at year end.
Word for word“Severance and termination benefit costs $ 2 $ 42 $ 40 Contract cancellation charges — 5 2 Stock-based compensation charges — 1 11 Asset write-offs and impairments — 1 4 Other exit and disposal costs 5 8 12 Total restructuring and other $ 7 $ 57 $ 69” 10-K for 2025
Our summaryRestructuring and other costs in fiscal 2024 included severance and termination benefit costs under the September 2022 Plan, decreasing in fiscal 2025.
Word for word“Restructuring and other costs decreased $50 million, primarily due a $48 million decrease in severance, termination benefits, contract cancellation costs and other exit and disposal costs in connection with the September 2022 Plan.” 10-K for 2025
Our summaryCompany expects to complete September 2022 Plan actions by the end of calendar year 2025.
Word for word“These actions are expected to be completed by the end of calendar year 2025.” 10-K for 2025
Our summaryUnder a restructuring plan approved in connection with the Avast acquisition, the company reduced its workforce, ended contracts, closed facilities and sold underused facilities, and has recorded cumulative costs of $138 million.
Word for word“As of April 3, 2026, we have incurred cumulative costs of $ 138 million related to the September 2022 Plan.” 10-K for 2026
Our summaryThe board approved the April 2025 restructuring plan tied to the MoneyLion acquisition, which includes cutting the workforce, ending contracts and consolidating facilities, with about $30 million of total expected cost.
Word for word“The total estimated cost of the plan is approximately $ 30 million, of which $ 29 million has been incurred to date under the April 2025 Plan.” 10-K for 2026
Our summaryRestructuring and other costs rose in fiscal 2026 mainly because of higher severance and termination benefits under the April 2025 Plan.
Word for word“Restructuring and other costs increased $28 million, primarily due to an increase in severance and termination benefits in connection with the April 2025 Plan.” 10-K for 2026
Our summaryThe board approved a new fiscal 2027 restructuring plan tied to internal transformation and greater use of AI, expected to cost about $50 million for severance, facilities, contracts and other items.
Word for word“We estimate that we will incur total costs of approximately $ 50 million in con nection with the plan, consisting of employee severance and termination benefits, facilities consolidation, contract termination and other restructuring costs.” 10-K for 2026
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2017-03-31 | $76 million | $189 million | $141 million |
| 2018-03-30 | $61 million | — | — |
| 2019-03-29 | $28 million | $221 million | — |
| 2020-04-03 | — | $266 million | — |
| 2021-04-02 | — | $161 million | — |
| 2022-04-01 | — | $31 million | — |
| 2023-03-31 | — | $69 million | — |
| 2024-03-29 | — | $57 million | — |
| 2025-03-28 | — | $7 million | — |
| 2026-04-03 | — | $35 million | — |
Gen Digital filed 2 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Gen Digital’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-05-21. 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.