Procore Technologies layoffs, on the record
Every job cut, severance charge and restructuring Procore Technologies reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 3,694 to 4,421.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,694 | December 31, 2023 |
| 10-K for 2024 | 4,203 | December 31, 2024 |
| 10-K for 2025 | 4,421 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company executed a reduction of about 4% of its global workforce to align staffing with key growth opportunities.
Word for word“On January 30, 2024, the Company executed a reduction of approximately 4 % of its global workforce as part of its ongoing evaluation of its operations to ensure alignment of its workforce with, and to enable greater investment in, key growth opportunities.” 10-K for 2023
Our summaryExecuted a reduction of 4% of its global workforce as part of an ongoing evaluation of operations, completed by March 31, 2024.
Word for word“In January 2024, the Company executed a reduction of 4 % of its global workforce as part of its ongoing evaluation of its operations to ensure alignment of its workforce with, and to enable greater investment in, key growth opportunities.” 10-K for 2024
| Fiscal year ended | Restructuring charges |
|---|---|
| 2024-12-31 | $4.2 million |
Procore Technologies 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 Procore Technologies’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 2026-02-24. 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.