GEO layoffs, on the record
Every job cut, severance charge and restructuring GEO reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 16,400 to approximately 18,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 16,400 | December 31, 2023 |
| 10-K for 2024 | approximately 16,500 | December 31, 2024 |
| 10-K for 2025 | approximately 18,000 | At December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing reports one-time employee restructuring expenses as a non-GAAP adjustment, shown as one-time employee expenses of 814 thousand for 2023 and none for 2022.
Word for word“One-time employee expenses, pre-tax 814 — Transaction related expenses, pre-tax — 1,322 Other non-cash revenue & expenses, pre-tax (1,319 ) — Adjusted EBITDA $ 507,177 $ 540,028 * Includes income tax provision on equity in earnings of affiliates ** Includes loss on extinguishment of debt Outlook The following discussion of our future performance contains statements that are not historical statements and, therefore, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.” 10-K for 2023
Our summaryThe filing reports employee restructuring expenses within general and administrative expenses, increasing them by $2.1 million in 2024 compared to 2023.
Word for word“General and administrative expenses increased by $22.3 million in 2024 compared to 2023 primarily due to increases in certain transaction fees related to our private exchange transactions involving our convertible notes of $3.6 million, employee restructuring expenses of $2.1 million, stock-based compensation of $3.0 million and certain compensation adjustment decreases during 2023 of $4.1 million, with the remaining increase due to increases in employee benefits and related insurance, professional fees, consulting and other administrative expenses.” 10-K for 2024
Our summaryThe filing's adjusted EBITDA reconciliation lists employee restructuring expenses, pre-tax, of $2,060 thousand in 2024 and $814 thousand in 2023.
Word for word“Employee restructuring expenses, pre-tax 2,060 814 Start-up expenses, pre-tax 507 — ATM equity program expenses, pre-tax 264 — Close-out expenses, pre-tax 2,345 — Transaction related expenses, pre-tax 3,632 — Other non-cash revenue & expenses, pre-tax (3,196 ) (1,319 ) Adjusted EBITDA $ 463,489 $ 507,177 * Includes income tax provision on equity in earnings of affiliates ** Includes loss on extinguishment of debt Outlook The following discussion of our future performance contains statements that are not historical statements and, therefore, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.” 10-K for 2024
Our summaryElectronic Monitoring and Supervision Services operating expenses rose partly because of employee severance costs from an efficiency initiative.
Word for word“Electronic Monitoring and Supervision Services Operating expenses for Electronic Monitoring and Supervision Services increased by $9.6 million in 2025 compared to 2024 primarily due to an increase in fixed costs related to our conversion to a cloud based data platform and employee severance costs as part of our efficiency initiative.” 10-K for 2025
Our summaryGeneral and administrative expenses rose partly because of a senior management reorganization at the end of 2024 and other employee restructuring expenses in 2025.
Word for word“General and administrative expenses increased by $22.9 million in 2025 compared to 2024 primarily due to the reorganization of our senior management team at the end of 2024, other employee restructuring expenses in 2025, higher employee related benefit costs and support for the revenue growth from our new contract awards.” 10-K for 2025
GEO 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 GEO’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 2026-02-25. 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.