Jones Lang Lasalle layoffs, on the record
Every job cut, severance charge and restructuring Jones Lang Lasalle reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from over 106,000 to over 113,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | over 106,000 | — |
| 10-K for 2025 | over 113,000 | — |
Job cuts, severance and restructuring
Our summaryRecorded severance and other employment-related charges tied to notable cost mitigation actions taken across the globe in 2023.
Word for word“The increase in severance and other employment-related charges, compared with 2022, reflected notable cost mitigation actions taken across the globe in 2023.” 10-K for 2023
Our summaryRecorded restructuring, pre-acquisition and post-acquisition charges, including fewer restructuring costs related to business exits in 2023.
Word for word“The decrease in restructuring and pre- and post-acquisition charges was largely driven by lower retention-related post-acquisition charges and fewer restructuring costs related to business exits in 2023 compared to 2022.” 10-K for 2023
Our summaryReported total restructuring and acquisition charges, which include severance, restructuring and acquisition-related items.
Word for word“Restructuring and acquisition charges in 2023 were slightly lower than 2022; refer to the following table and commentary below for additional detail.” 10-K for 2023
Our summaryThe company reported severance and other employment-related charges of 27.1 million dollars in 2024, down from 62.1 million in 2023, as part of restructuring and acquisition charges.
Word for word“Severance and other employment-related charges $ 27.1 62.1 44.5 Restructuring, pre-acquisition and post-acquisition charges 26.3 39.6 57.5 Stock-based compensation expense for post-acquisition retention awards 2.3 3.4 6.1 Fair value adjustments to earn-out liabilities ( 32.6 ) ( 4.4 ) ( 3.3 ) Restructuring and acquisition charges $ 23.1 100.7 104.8 We expect nearly all expenses related to (i) severance and other employment-related charges and (ii) restructuring, pre-acquisition and post-acquisition charges as of December 31, 2024 will be paid during the next twelve months.” 10-K for 2024
Our summaryThe company reported lower restructuring and acquisition charges in 2024 because significant cost-out actions were executed in 2023.
Word for word“Restructuring and acquisition charges were lower in 2024, compared with 2023, primarily due to (i) an expense credit in the third quarter of 2024 associated with a reduction to an acquisition-related earn-out and (ii) lower employment-related costs over the full year as significant cost-out actions were executed in 2023.” 10-K for 2024
Our summaryThe company recorded higher restructuring and acquisition charges in 2025 than in 2024, driven by smaller decreases to earn-out liabilities and higher severance and other employment-related charges.
Word for word“Restructuring and acquisition charges were higher, compared with 2024, primarily due to significantly lower net decreases to earn-out liabilities as well as higher severance and other employment-related charges.” 10-K for 2025
Our summaryThe company explained that restructuring and acquisition charges mainly consist of severance and employment-related costs tied to a structural business shift, acquisition and integration costs, and other restructuring such as lease exits.
Word for word“Restructuring and acquisition charges primarily consist of (i) severance and employment-related charges, including those related to external service providers, incurred in conjunction with a structural business shift, which can be represented by a notable change in headcount, change in leadership or transformation of business processes; (ii) acquisition, transaction and integration-related charges, including fair value adjustments, which are generally non-cash in the periods such adjustments are made, to assets and liabilities recorded in purchase accounting such as earn-out liabilities and intangible assets; and (iii) other restructuring, including lease exit charges.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $48.5 million | $26.1 million |
| 2017-12-31 | $28.8 million | $38.5 million |
| 2018-12-31 | $31.4 million | $37.6 million |
| 2019-12-31 | $128 million | $106.6 million |
| 2020-12-31 | $120.5 million | $112 million |
| 2021-12-31 | $64.3 million | $79.5 million |
Jones Lang Lasalle 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 Jones Lang Lasalle’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 2026-02-19. 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.