LKQ layoffs, on the record
Every job cut, severance charge and restructuring LKQ reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 49,000 to approximately 44,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 49,000 | December 31, 2023 |
| 10-K for 2024 | approximately 47,000 | December 31, 2024 |
| 10-K for 2025 | approximately 44,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryBegan a company-wide 2022 Global Restructuring Plan to cut costs, streamline operations, consolidate facilities and make other strategic changes, with an estimated total cost range; it is scheduled to be substantially complete by the end of 2024.
Word for word“This plan is scheduled to be substantially complete by the end of 2024 with an estimated total incurred cost of between $ 25 million and $ 35 million.” 10-K for 2023
Our summaryCompleted the 2019/2020 Global Restructuring Plan, which covered employee severance, lease exits and inventory write-downs, among other costs.
Word for word“This plan was completed in 2023 with a total incurred cost of $ 107 million.” 10-K for 2023
Our summaryRecorded restructuring expenses under acquisition integration plans, the 2022 Global Restructuring Plan and the 1 LKQ Europe plan.
Word for word“Restructuring expenses for the year ended December 31, 2023 primarily consisted of (i) $29 million related to our acquisition integration plans, (ii) $14 million related to our global restructuring plans, and (iii) $1 million related to our 1 LKQ Europe plan.” 10-K for 2023
Our summaryExpects further integration expenses to complete the Uni-Select acquisition integration plan in the Wholesale - North America segment.
Word for word“We expect to incur additional expenses of between $ 10 million and $ 20 million primarily in 2024 to complete the integration plan related to the Uni-Select Acquisition in our Wholesale - North America segment.” 10-K for 2023
Our summaryContinuing the multi-year 1 LKQ Europe plan to centralize and standardize key functions in the Europe segment, with projects expected to finish by the end of 2027.
Word for word“We are executing on the various projects associated with the 1 LKQ Europe plan and expect to be completed by the end of 2027.” 10-K for 2023
Our summaryRecorded higher restructuring expenses under the 2024 Global Restructuring plan, which drove the rise in restructuring and transaction related expenses for 2024.
Word for word“Restructuring and transaction related expenses increased by $70 million, primarily due to (i) a $98 million increase in restructuring expenses related to our 2024 Global Restructuring plan, partially offset by (ii) a $17 million decrease related to transaction related expenses and (iii) an $8 million decrease in restructuring expenses related to our 2022 Global Restructuring Plan.” 10-K for 2024
Our summaryThe company began a global restructuring in 2024 to improve profitability, exiting businesses and markets, cutting costs, streamlining operations and consolidating facilities.
Word for word“In the first quarter of 2024, we began a global restructuring initiative focused on enhancing profitability.” 10-K for 2025
Our summaryThe company closed its 1 LKQ Europe Plan at the end of 2025, after setting up a European headquarters, moving functions to a central back office and putting four regional businesses on a common ERP platform, and expects further costs from approved actions.
Word for word“As such, the 1 LKQ Europe Plan was closed at the end of 2025 with the total incurred cost of $ 17 million after successfully establishing a European headquarters office, migrating certain functions to a central back office and integrating four regional businesses onto a common ERP platform.” 10-K for 2025
LKQ 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 LKQ’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.