Paycom Software layoffs, on the record
Every job cut, severance charge and restructuring Paycom Software reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 7,308 to 5,770.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 7,308 | December 31, 2023 |
| 10-K for 2024 | 7,306 | December 31, 2024 |
| 10-K for 2025 | 5,770 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing lists a Severance and Release Agreement with Christopher G. Thomas, a former executive, but the excerpt gives no workforce reduction details.
Word for word“10.8+ Severance and Release Agreement, by and among Paycom Software, Inc., Paycom Payroll, LLC and Christopher G. Thomas, dated May 29, 2024 (incorporated by reference to Exhibit 10.5 to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed with the SEC on August 1, 2024).” 10-K for 2024
Our summaryThe company said automating its core business systems led to reductions in headcount, which lowered some employee-related expenses in 2025, and it expects those expenses to be lower again in 2026.
Word for word“Automating our core business systems is creating new efficiencies that have led to reductions in headcount and, as a result, contributed to a decrease in certain employee-related expenses during the year ended December 31, 2025.” 10-K for 2025
Paycom Software 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 Paycom Software’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.