NCR Voyix layoffs, on the record
Every job cut, severance charge and restructuring NCR Voyix reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 15,500 to nearly 13,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 15,500 | December 31, 2023 |
| 10-K for 2024 | nearly 14,000 | As of December 31, 2024 |
| 10-K for 2025 | nearly 13,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany recorded transformation and restructuring charges, including integration, severance and other exit and disposal costs, which are excluded from Adjusted EBITDA.
Word for word“Transformation and restructuring costs (1) 39 96 53 Fraudulent ACH disbursements (2) 23 — — Acquisition-related amortization of intangibles 71 71 76 Acquisition-related costs (3) 1 2 3 Interest expense (4) 294 285 238 Interest income (13) (13) (8) Separation costs (5) 99 — — Loss on disposal of businesses 12 — — Loss on debt extinguishment 46 — 42 Depreciation and amortization (excluding acquisition related amortization of intangibles) 252 237 220 Income tax expense (benefit) 204 72 70 Stock-based compensation expense 150 90 121 Cyber ransomware incident recovery costs (6) 17 — — Adjusted EBITDA (Non-GAAP) $ 616 $ 596 $ 471 (1) Represents integration, severance, and other exit and disposal costs, which are considered non-operational in nature.” 10-K for 2023
Our summaryCompany recorded $25 million of transformation and restructuring costs within selling, general and administrative expenses in 2023, and cost actions were implemented that reduced SG&A as a percentage of revenue.
Word for word“In 2023, selling, general and administrative expenses included $25 million of transformation and restructuring costs, $23 million related to the fraudulent ACH disbursements, $121 million of stock-based compensation expense, $33 million of acquisition-related amortization of intangibles, $1 million of acquisition-related costs, and $57 million in separation-related costs.” 10-K for 2023
Our summaryCompany recorded research and development costs related to transformation and restructuring initiatives in 2023.
Word for word“In 2023, research and development expenses included $3 million of costs related to our transformation and restructuring initiatives, $7 million of separation related costs, and $13 million of stock-based compensation expense.” 10-K for 2023
Our summaryCompany recorded severance-related charges in its postemployment benefit plan for actions taken in the second half of 2022.
Word for word“During the year ended December 31, 2022, the Company recorded approximately $ 50 million in employee severance charges related to actions taken in the second half of the year .” 10-K for 2023
Our summaryCompany recorded gross margin charges for transformation and restructuring costs in 2023.
Word for word“Gross margin for the year ended December 31, 2023 included $6 million related to transformation and restructuring costs, $16 million of stock-based compensation expense, $38 million related to amortization of acquisition-related intangible assets, $32 million of separation-related costs and $16 million related to the cyber ransomware incident recovery costs.” 10-K for 2023
Our summaryThe company recorded transformation and restructuring costs, which include integration, severance and other exit and disposal costs, totaling $125 million in 2024.
Word for word“Transformation and restructuring costs (3) 125 28 95 Separation costs (4) 10 95 — Loss (gain) on disposal of businesses (14) 12 — Foreign currency devaluation (5) 15 — — Fraudulent ACH disbursements (6) (5) 23 — Cyber ransomware incident recovery costs (7) (13) 17 — Strategic initiatives (8) 48 — — Adjusted EBITDA (Non-GAAP) $ 347 $ 337 $ 324 (1) During the three months ended September 30, 2023, it was determined that the transactions underlying the unrealized gains on terminated interest rate swap and cap agreements reported in Accumulated other comprehensive income were probable of not occurring under ASC 815, Derivatives and Hedging .” 10-K for 2024
Our summaryThe company stated that its restructuring initiatives may cause loss of key employees and other retention issues.
Word for word“Additionally, as a result of restructuring initiatives, we may experience a loss of continuity, loss of accumulated knowledge, loss of key employees and/or other retention issues or inefficiencies during transitional periods.” 10-K for 2024
Our summaryThe company reported transformation and restructuring costs within selling, general and administrative expenses and research and development expenses in 2024, and it cited cost mitigation actions including a reduction in employee-related costs.
Word for word“In 2024, selling, general and administrative expenses included $55 million of transformation and restructuring costs, $26 million of strategic initiative costs, $20 million of stock-based compensation expense, $14 million of acquisition-related amortization of intangibles and $8 million in separation-related costs, offset by $5 million in recoveries related to the fraudulent ACH matter and $8 million of cyber ransomware incident recoveries.” 10-K for 2024
Our summaryThe company recorded transformation and restructuring costs in selling, general and administrative expenses for 2025, part of its ongoing cost reduction initiative.
Word for word“Additionally, in 2025, selling, general and administrative expenses included $96 million of transformation and restructuring costs, $10 million of strategic initiative costs, $25 million of stock-based compensation expense and $13 million of acquisition-related amortization of intangibles.” 10-K for 2025
Our summaryThe company recorded transformation and restructuring costs in gross margin for 2025, and cited cost reduction initiatives begun in 2024.
Word for word“Included in g ross margin for the year ended December 31, 2025 was $18 million related to transformation and restructuring costs, $6 million of strategic initiative costs, $4 million of stock-based compensation expense and $12 million related to amortization of acquisition-related intangible assets.” 10-K for 2025
Our summaryThe company recorded transformation and restructuring costs in research and development expenses for 2025.
Word for word“Additionally, in 2025, research and development expenses included $13 million of costs related to our transformation and restructuring initiatives and $5 million of stock-based compensation expense.” 10-K for 2025
Our summaryThe company explained that transformation and restructuring costs, which include severance, are excluded from Adjusted EBITDA, and that 2025 included a gain on selling property.
Word for word“Included in transformation and restructuring costs for the year ended December 31, 2025 was a gain of $10 million related to the sale of property, plant and equipment.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | — | $15 million | $32 million |
| 2017-12-31 | — | $0 | $1 million |
| 2018-12-31 | — | $50 million | $11 million |
| 2019-12-31 | — | $4 million | $5 million |
| 2020-12-31 | $0 | — | — |
| 2021-12-31 | $0 | — | — |
| 2022-12-31 | $0 | — | — |
| 2023-12-31 | $99 million | — | — |
NCR Voyix 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 NCR Voyix’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 2026-02-26. 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.