Icon layoffs, on the record
Every job cut, severance charge and restructuring Icon reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 41,100 to approximately 40,100.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | approximately 41,100 | At December 31, 2023 |
| 20-F for 2025 | approximately 40,100 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRestructuring plan adopted after a review of operations, reflecting a workforce reduction and an office consolidation program.
Word for word“In the year ended, December 31, 2023, a restructuring charge of $ 45.4 million was recognized in the Consolidated Statements of Operations under a restructuring plan adopted following a review of operations.” 20-F for 2023
Our summaryCompany undertook a restructuring program aimed at realigning its workforce and reviewing its global office footprint.
Word for word“The Company has also undertaken a restructuring program aimed at realigning its workforce as well as reviewing its global office footprint and optimizing its locations to best fit the requirements of the Company.” 20-F for 2023
Our summaryRestructuring charge recognized in 2022 for prior restructuring activity.
Word for word“In the year ended December 31, 2022, a restructuring charge of $31.1 million was recognized.” 20-F for 2023
Our summaryImpairments of operating right-of-use assets recognized within restructuring charges as part of an office consolidation program.
Word for word“During the years ended December 31, 2023, 2022 and 2021, impairments of operating right-of-use assets were recognized within restructuring charges for $ 8.7 million, $ 24.8 million, and $ 15.4 million, respectively, as part of an office consolidation program (see note 19 - Restructuring Charges ).” 20-F for 2023
Our summaryRestructuring plan included a workforce reduction charge.
Word for word“The restructuring plan reflects a workforce reduction of $74.5 million (December 31, 2023: $34.1 million) and an office consolidation program to optimize the Company's office footprint of $17.6 million (December 31, 2023: $11.3 million).” 20-F for 2024
Our summaryRestructuring plan reflected a workforce reduction and office consolidation, with the 2022 comparatives also disclosed.
Word for word“The restructuring plan reflected a workforce reduction of $ 74.5 million (December 31, 2023: $ 34.1 million, December 31, 2022: $ 2.7 million) and an office consolidation program to optimize the Company's office footprint of $ 17.6 million (December 31, 2023: $ 11.3 million, December 31, 2022: $ 28.4 million), being the impairment of operating right-off-use assets and related property plant and equipment of $ 15.7 million (December 31, 2023: $ 8.7 million, December 31, 2022: $ 28.4 million) and onerous contract costs of $ 1.9 million (December 31, 2023: $ 2.6 million, December 31, 2022: $ nil ).” 20-F for 2024
Our summaryRestructuring liability recorded at year end relating to restructuring activities, with the year's charge and utilization shown.
Word for word“At December 31, 2024, a total liability of $ 31.5 million (December 31, 2023: $ 7.0 million) was recorded on the Consolidated Balance Sheet relating to restructuring activities.” 20-F for 2024
Our summaryRestructuring charges were recorded in prior years under reorganization programs that resulted in workforce reductions.
Word for word“In the year ended December 31, 2023, a restructuring charge of $45.4 million was recognized.” 20-F for 2024
Our summaryICON ran restructuring programs to realign its workforce and consolidate its office footprint, with charges in 2025, 2024 and 2023.
Word for word“These programs have resulted in a charge of $79.1 million, $92.1 million and $45.4 million in the years ended December 31, 2025, December 31, 2024 and December 31, 2023 respectively.” 20-F for 2025
Our summaryThe restructuring plans included workforce reduction costs and office consolidation costs, split out by year.
Word for word“The restructuring plans reflect workforce reductions of $74.6 million (December 31, 2024: $74.5 million and December 31, 2023: $34.1 million) and office consolidation programs to optimize the Company's office footprint of $4.5 million (December 31, 2024: $17.6 million and December 31, 2023: $11.3 million).” 20-F for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | — | $8.2 million | — |
| 2017-12-31 | — | $7.8 million | — |
| 2018-12-31 | — | $12.5 million | — |
| 2019-12-31 | — | $0 | — |
| 2020-12-31 | — | $18.1 million | $9.3 million |
| 2021-12-31 | — | $11.3 million | $5.6 million |
| 2022-12-31 | $2.7 million | $4.4 million | $8.7 million |
| 2023-12-31 | $34.1 million | $36.7 million | $35.7 million |
| 2024-12-31 | $74.5 million | $76.4 million | $51.9 million |
| 2025-12-31 | $74.6 million | $75.4 million | $94.3 million |
Icon 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 Icon’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-05-27. 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.