Knight-Swift Transportation layoffs, on the record
Every job cut, severance charge and restructuring Knight-Swift Transportation reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 34,800 | December 31, 2023 |
Job cuts, severance and restructuring
Our summaryRecorded severance expense as a non-GAAP adjustment, included in salaries, wages, and benefits.
Word for word“Severance expense 6 5,151 — Change in fair value of deferred earnout 7 (3,359) — Adjusted income before income taxes 368,342 1,086,781 Provision for income tax expense at effective rate 8 (89,603) (265,585) Non-GAAP: Adjusted Net Income Attributable to Knight-Swift $ 278,739 $ 821,196 Note: Since the numbers reflected in the table below are calculated on a per share basis, they may not foot due to rounding.” 10-K for 2023
Our summaryIncurred one-time acquisition-related expenses for the U.S. Xpress acquisition, including certain severance expense.
Word for word“5 "Other acquisition related expenses" represents one-time expenses associated with the U.S. Xpress acquisition, including certain severance expense, including the acceleration of stock compensation expense as well as other operating expenses.” 10-K for 2023
Our summaryReported acquisition-related expenses for both companies, including severance payments, in connection with the U.S. Xpress Acquisition.
Word for word“Xpress Acquisition, both Knight-Swift and U.S. Xpress incurred certain acquisition-related expenses, including professional legal and advisory fees, acceleration of share-based compensation, bonus incentives, severance payments, filing fees and other miscellaneous expenses.” 10-K for 2023
Our summarySeverance expense was recorded within salaries, wages, and benefits, reported as a non-GAAP adjustment.
Word for word“Severance expense 6 7,219 5,151” 10-K for 2024
Our summaryKnight-Swift entered into a severance agreement and release with David A. Jackson.
Word for word“10.42 Severance Agreement and Release by and between David A. Jackson and Knight-Swift Transportation Holdings Inc., dated as of March 8, 2024 Incorporated by reference to Exhibit 10.1 of Form 10-Q for the quarter ended March 31, 2024” 10-K for 2024
Our summaryAcquisition-related expenses from the U.S. Xpress Acquisition, including severance payments, were incurred during 2023.
Word for word“These acquisition-related expenses totaled $ 33.0 million during 2023.” 10-K for 2024
Our summaryThe company recorded severance expense in 2025 and 2024, included in salaries, wages, and benefits and excluded from its adjusted non-GAAP measures.
Word for word“5 "Severance expense" is included within "Salaries, wages, and benefits" in the consolidated statements of comprehensive income.” 10-K for 2025
| Fiscal year ended | Severance costs | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $6.8 million | $162,000 |
| 2017-12-31 | $0 | $600,000 |
| 2018-12-31 | $0 | $2.2 million |
| 2019-12-31 | $0 | $2.2 million |
Knight-Swift Transportation 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 Knight-Swift Transportation’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.