Stratrix
On the Record · Graham Holdings

Graham Holdings layoffs, on the record

Every job cut, severance charge and restructuring Graham Holdings reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 19,900 to approximately 19,920.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2023approximately 19,900—
10-K for 2024approximately 21,446—
10-K for 2025approximately 19,920—

Job cuts, severance and restructuring

  1. Our summaryLeaf restructured into three stand-alone businesses: Society6, Saatchi Art and WGB, with cost reduction initiatives including elimination of shared services costs and functions. In the second quarter of 2023

    Word for word“In the second quarter of 2023, the Company restructured Leaf into three stand-alone businesses: Society6 (formerly included in Leaf Marketplace), Saatchi Art (formerly included in Leaf Marketplace) and WGB (formerly Leaf Media).” 10-K for 2023

  2. Our summaryLeaf implemented a separation incentive program (SIP) to reduce the number of employees, funded by the pension plan assets, recording non-operating pension expense. In the first and second quarters of 2023 · Cost: $2.9 million and $3.9 million in related non-operating pension expense

    Word for word“In the first and second quarters of 2023, Leaf implemented a SIP to reduce the number of employees, which was funded by the assets of the Company’s pension plan; $2.9 million and $3.9 million in related non-operating pension expense was recorded in the first and second quarters of 2023, respectively.” 10-K for 2023

  3. Our summaryThe Company recorded expenses related to a separation incentive program (SIP) for certain GMG employees, funded from pension plan assets. In the fourth quarter of 2023 · Cost: $ 0.2 million in expenses

    Word for word“In the fourth quarter of 2023, the Company recorded $ 0.2 million in expenses related to a SIP for certain GMG employees, which was funded from the assets of the Company’s pension plans.” 10-K for 2023
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedSeverance costsRestructuring charges
2020-12-31$6.2 million$19.7 million

Graham Holdings 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 Graham Holdings’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.