ManpowerGroup layoffs, on the record
Every job cut, severance charge and restructuring ManpowerGroup reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 27,900 to approximately 25,400.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 27,900 | December 31, 2023 |
| 10-K for 2024 | approximately 26,700 | December 31, 2024 |
| 10-K for 2025 | approximately 25,400 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded net restructuring costs in selling and administrative expenses, mainly for severance and office closures in multiple countries.
Word for word“We recorded net restructuring costs of $149.2 million, $3.6 million and $15.2 million during 2023, 2022 and 2021, respectively, in selling and administrative expenses, primarily related to severances and office closures and consolidations in multiple countries and territories.” 10-K for 2023
Our summaryAnnounced the wind down of the Proservia managed services business in Germany, with severance agreed with work councils.
Word for word“In July 2023, we announced our decision to wind down our Proservia managed services business in Germany.” 10-K for 2023
Our summaryRecorded headcount reductions in Spain, with restructuring charges for the regional head office, France and Italy.
Word for word“The restructuring charges in 2023 were primarily related to headcount reductions in Spain of $6.2 million, as well as $3.2 million in the regional head office, $2.5 million in France and $1.6 million in Italy.” 10-K for 2023
Our summaryRecorded headcount reductions in the Nordics, the Netherlands, the United Kingdom and Belgium.
Word for word“The restructuring charges in 2023 were primarily related to headcount reductions and professional and other fees in Germany of $91.7 million as we wind down our Proservia operations in the country and headcount reductions in the Nordics of $14.3 million, as well as $5.2 million in the Netherlands, $5.0 million in the United Kingdom and $3.9 million in Belgium.” 10-K for 2023
Our summaryRecorded restructuring charges tied to headcount reductions in Australia.
Word for word“The restructuring charges in 2023 were related to headcount reductions in Australia.” 10-K for 2023
Our summaryInitiated significant restructuring actions on businesses heavily impacted by continuing decline in activity, expecting a lower overall cost structure.
Word for word“During the year we initiated significant restructuring actions on businesses heavily impacted by the continuing decline in activity.” 10-K for 2023
Our summaryReported a restructuring reserve balance expected to be largely paid by the end of 2024.
Word for word“We expect a majority of the remaining $ 90.0 reser ve will be paid by the end of 2024.” 10-K for 2023
Our summaryThe company recorded net restructuring costs in selling and administrative expenses, mainly for severance, office closures and consolidations, and restructuring-related professional fees across multiple countries.
Word for word“We recorded net restructuring costs of $53.6, $149.2 and $3.6 in 2024, 2023 and 2022, respectively, in selling and administrative expenses, primarily related to severance, office closures and consolidations, and professional and other fees related to restructuring in multiple countries and territories.” 10-K for 2024
Our summaryThe company initiated significant restructuring actions on businesses heavily hit by the continuing decline in activity, and expects its overall cost structure to decline.
Word for word“During the year, we initiated significant restructuring actions on businesses heavily impacted by the continuing decline in activity.” 10-K for 2024
Our summaryThe company wound down its Germany Proservia business, recording losses that hurt earnings per share.
Word for word“Losses related to our Proservia Germany wind down in 2024 unfavorably impacted net earnings per share - diluted by approximately $0.19, net of tax, in 2024.” 10-K for 2024
Our summaryRestructuring costs recorded in 2023 and 2024 reduced diluted earnings per share, and restructuring actions taken in 2023 drove lower personnel costs in 2024.
Word for word“Restructuring costs recorded in 2024 and 2023 negatively impacted net earnings per share - diluted by approximately $1.10 and $2.74 per share, net of tax, in 2024 and 2023, respectively.” 10-K for 2024
Our summaryThe restructuring reserve rose from severance and other costs, was drawn down by payments, and the remaining balance is expected to be paid mostly in 2025.
Word for word“We expect a majority of the remaining $ 46.5 reser ve will be paid by the end of 2025.” 10-K for 2024
Our summarySeverance costs were recorded in Northern Europe, Americas, Southern Europe and APME segments and Corporate in 2024.
Word for word“Severance costs 8.6 5.4 28.8 2.8 1.9 47.5 Lease costs (c) 0.5 0.1 2.8 — — 3.4 Other costs 0.1 0.8 1.8 — — 2.7 Non-cash charges ( 0.5 ) ( 0.1 ) ( 2.8 ) — — ( 3.4 ) Costs paid ( 7.8 ) ( 7.7 ) ( 77.4 ) ( 0.8 ) — ( 93.7 ) Balance, December 31, 2024 $ 5.7 $ 4.4 $ 32.1 $ 2.4 $ 1.9 $ 46.5 (a) Balance related to United States was $ 0.6 as of December 31, 2022.” 10-K for 2024
Our summarySelling and administrative costs fell due to lower restructuring costs in 2024 compared with 2023, after the large 2023 restructuring actions.
Word for word“restructuring costs of $53.6 in 2024 compared to $149.2 incurred in 2023;” 10-K for 2024
Our summaryThe company started significant restructuring actions in 2025 on businesses hit hard by ongoing economic uncertainty, expecting its overall cost structure to decline.
Word for word“During the year, we initiated significant restructuring actions on businesses heavily impacted by the continuing economic uncertainty.” 10-K for 2025
Our summaryThe company recorded net restructuring costs in 2025 and 2024, mainly for severance, office closures and consolidations, and professional fees across multiple countries.
Word for word“We recorded net restructuring costs of $64.2 and $53.6 in 2025 and 2024, respectively, in selling and administrative expenses, primarily related to severance, office closures and consolidations, and professional and other fees related to restructuring in multiple countries and territories.” 10-K for 2025
Our summaryThe company reported a remaining restructuring reserve, most of which it expects to pay by the end of 2026.
Word for word“We expect a majority of the remai ning $ 35.1 re serve will be paid by the end of 2026.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | — | — | $11.9 million |
| 2017-12-31 | $24.7 million | $34.5 million | $25.5 million |
| 2018-12-31 | $31.8 million | $39.3 million | $37.3 million |
| 2019-12-31 | $32.4 million | $42 million | $50.2 million |
| 2020-12-31 | $74.2 million | $110.7 million | $71.9 million |
| 2021-12-31 | $15.2 million | $15.2 million | $38 million |
| 2022-12-31 | $2.6 million | $3.6 million | $13.7 million |
| 2023-12-31 | $113.9 million | $149.2 million | $72.4 million |
| 2024-12-31 | — | — | $93.7 million |
| 2025-12-31 | — | — | $72.9 million |
ManpowerGroup 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 ManpowerGroup’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 2026-02-23. 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.