PRA layoffs, on the record
Every job cut, severance charge and restructuring PRA reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,155 full-time equivalents | As of December 31, 2023 |
| 10-K for 2024 | 3,115 full-time equivalents | December 31, 2024 |
| 10-K for 2025 | 2,615 full-time equivalents | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompensation and employee service expenses rose mainly because of higher severance expenses, partly offset by lower temporary labor and healthcare costs.
Word for word“The increase mainly reflects higher severance expenses of $8.6 million, partially offset by decreases in temporary labor and healthcare and other benefit expenses.” 10-K for 2023
Our summaryCompensation and benefits expense included a decrease in severance related expenses compared with the prior year.
Word for word“Compensation and benefits expense increased $10.1 million, or 3.5%, due largely to higher wage costs and compensation accruals in the current year, offset by a decrease of $7.3 million in severance related expenses.” 10-K for 2024
PRA 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 PRA’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 2026-03-02. 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.