Pegasystems layoffs, on the record
Every job cut, severance charge and restructuring Pegasystems reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 5,406 to 5,598.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 5,406 | January 31, 2024 |
| 10-K for 2024 | 5,443 | January 31, 2025 |
| 10-K for 2025 | 5,598 | January 30, 2026 |
Job cuts, severance and restructuring
Our summaryCompany recorded restructuring costs tied to optimizing its go-to-market strategy and reassessing office space, including employee severance and office space reductions, with severance costs incurred in 2023.
Word for word“The Company has undertaken the following restructuring activities as it optimizes its go-to-market strategy and reassesses its office space needs: (in thousands) Three months ended Expense Employee severance and related benefits and office space reduction December 31, 2022 $ 21,743 Office space reduction March 31, 2023 $ 1,241 Employee severance and related benefits June 30, 2023 $ 1,581 Employee severance and related benefits and office space reduction September 30, 2023 $ 17,236 Office space reduction December 31, 2023 $ 1,497 Restructuring activity: Accrued employee severance and related benefits: (in thousands) 2023 January 1, $ 18,573 Costs incurred 18,721 Cash disbursements ( 29,401 ) Currency translation adjustments 202 December 31, $ 8,095 Note: Included in accrued compensation and related expenses.” 10-K for 2023
Our summaryCompany reported that office space reductions in 2023 and 2022 generated restructuring costs.
Word for word“Office Space reductions In 2023 and 2022, the Company incurred restructuring costs of $ 3.0 million and $ 3.2 million due to office space reductions.” 10-K for 2023
Our summaryCompany reported a decrease in selling and marketing compensation due to reduced headcount as it optimized its go-to-market strategy.
Word for word“The decrease in selling and marketing in 2023 was primarily due to a decrease in compensation and benefits of $59.5 million due to reduced headcount as we optimize our go-to-market strategy.” 10-K for 2023
Our summaryThe company optimized its go-to-market strategy and reassessed office space, recording restructuring charges including employee severance and office space reductions.
Word for word“The Company has undertaken the following restructuring activities as it optimizes its go-to-market strategy and reassesses its office space needs: (in thousands) 2024 2023 2022 Employee severance and related benefits $ ( 614 ) $ 18,721 $ 18,549 Office space reductions (1) 5,142 3,026 3,194 $ 4,528 $ 21,747 $ 21,743 (1) These primarily relate to non-cash operating lease adjustments.” 10-K for 2024
Our summaryThe company closed its Cambridge office and moved its corporate headquarters to the Waltham office, recording a restructuring expense for the Cambridge closure.
Word for word“In December 2024, the Company closed the Cambridge office and relocated its corporate headquarters to office space already leased in Waltham, Massachusetts (the “Waltham office”), effective January 1, 2025.” 10-K for 2024
Our summaryThe company reported a reduction in selling and marketing compensation due to reduced headcount from optimizing its go-to-market strategy.
Word for word“The decrease in selling and marketing in 2024 was primarily due to a decrease in compensation and benefits of $27.8 million due to reduced headcount from the optimization of our go-to-market strategy.” 10-K for 2024
Our summaryIn the fourth quarter of 2025, management committed to a restructuring plan, mainly in the consulting organization, to align roles and capacity with an AI-first delivery model, with severance and benefits costs for affected employees.
Word for word“During the fourth quarter of 2025, management committed to a restructuring plan, primarily within the Company’s consulting organization, intended to better align roles and capacity to an AI-first delivery model.” 10-K for 2025
Our summaryThe restructuring plan produced an expense of about $13 million in 2025, tied to severance and benefits for affected employees.
Word for word“The plan resulted in a restructuring expense of approximately $ 13 million in 2025, associated with severance and benefits for impacted employees.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $287,000 |
| 2020-12-31 | $0 |
| 2021-12-31 | $0 |
| 2022-12-31 | $21.7 million |
| 2023-12-31 | $21.7 million |
| 2024-12-31 | $4.5 million |
| 2025-12-31 | $11.5 million |
Pegasystems filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Pegasystems’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 2026-02-10. 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.