Quad/Graphics layoffs, on the record
Every job cut, severance charge and restructuring Quad/Graphics reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 13,150 to approximately 10,100.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 13,150 | As of December 31, 2023 |
| 10-K for 2024 | approximately 12,200 | As of December 31, 2024 |
| 10-K for 2025 | approximately 10,100 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company reported a restructuring program that included plant closures and headcount reductions to cut costs.
Word for word“This reduced volume has driven the Company to institute several cost saving measures through its restructuring program, including plant closures and headcount reductions.” 10-K for 2023
Our summaryThe company recorded employee termination charges, which rose from the prior year.
Word for word“a. A $27.8 million increase in employee termination charges from $7.3 million during the year ended December 31, 2022, to $35.1 million during the year ended December 31, 2023;” 10-K for 2023
Our summaryThe company recorded employee termination charges within its United States Print and Related Services segment.
Word for word“Employee termination charges $ 34.3 $ 4.1 $ 30.2 Impairment charges (a) 23.2 1.1 22.1 Other restructuring charges Vacant facility carrying costs and lease exit charges 16.6 5.4 11.2 Equipment and infrastructure removal costs 0.9 0.7 0.2 Gain on the sale of a facility (b) (9.2) — (9.2) Other restructuring activities 0.5 0.8 (0.3) Other restructuring charges 8.8 6.9 1.9 Total restructuring, impairment and transaction-related charges $ 66.3 $ 12.1 $ 54.2” 10-K for 2023
Our summaryThe company recorded employee termination charges within its International segment.
Word for word“Employee termination charges $ 0.5 $ 3.2 $ (2.7) Impairment charges (a) 2.0 1.1 0.9 Transaction-related charges 2.7 0.1 2.6 Integration costs 1.0 0.7 0.3 Other restructuring charges (b) 3.4 25.6 (22.2) Total restructuring, impairment and transaction-related charges $ 9.6 $ 30.7 $ (21.1)” 10-K for 2023
Our summaryThe company recorded employee termination charges within Corporate.
Word for word“Employee termination charges $ 0.3 $ — $ 0.3 Transaction-related charges 1.5 1.9 (0.4) Other restructuring charges (income) (0.2) 0.1 (0.3) Total restructuring, impairment and transaction-related charges $ 1.6 $ 2.0 $ (0.4)” 10-K for 2023
Our summaryThe company recorded impairment charges on machinery and equipment no longer used in production after facility consolidations and capacity reduction.
Word for word“(1) $17.5 million and $2.2 million, respectively, for machinery and equipment no longer being utilized in production as a result of facility consolidations, as well as other capacity reduction activities;” 10-K for 2023
Our summaryThe company recorded vacant facility carrying costs and lease exit charges.
Word for word“Vacant facility carrying costs and lease exit charges 16.6 5.4 11.2 Equipment and infrastructure removal costs 0.9 0.7 0.2” 10-K for 2023
Our summaryThe company recorded a gain on the sale of its Merced, California facility.
Word for word“(b) Includes a $9.2 million gain on the sale of the Merced, California facility during the year ended December 31, 2023.” 10-K for 2023
Our summaryThe company stated it expects to incur additional restructuring and integration costs in future periods to eliminate excess manufacturing capacity and align its cost structure.
Word for word“The Company expects to incur additional restructuring and integration costs in future reporting periods in connection with eliminating excess manufacturing capacity and properly aligning its cost structure in conjunction with the Company’s acquisitions and strategic investments, and other cost reduction programs.” 10-K for 2023
Our summaryThe company recorded employee termination charges, which fell from the prior year.
Word for word“a. A $4.6 million decrease in employee termination charges from $35.1 million during the year ended December 31, 2023, to $30.5 million during the year ended December 31, 2024; b.” 10-K for 2024
Our summaryThe company recorded employee termination charges in the United States Print and Related Services segment.
Word for word“Employee termination charges $ 29.8 $ 34.3 $ (4.5) Impairment charges (a) 17.1 23.2 (6.1) Integration costs 0.4 — 0.4 Other restructuring charges (income) Vacant facility carrying costs and lease exit charges 14.2 16.6 (2.4) Equipment and infrastructure removal costs 1.6 0.9 0.7 Gains on the sale of facilities (b) (20.5) (9.2) (11.3) Other restructuring activities 0.2 0.5 (0.3) Other restructuring charges (income) (4.5) 8.8 (13.3) Total restructuring, impairment and transaction-related charges, net $ 42.8 $ 66.3 $ (23.5)” 10-K for 2024
Our summaryThe company recorded vacant facility carrying costs and lease exit charges as part of its restructuring.
Word for word“Vacant facility carrying costs and lease exit charges 14.2 16.6 (2.4) Equipment and infrastructure removal costs 1.6 0.9 0.7 Gains on the sale of facilities (b) (20.5) (9.2) (11.3) Other restructuring activities 1.0 3.7 (2.7) Other restructuring charges (income) (3.7) 12.0 (15.7) Total restructuring, impairment and transaction-related charges, net $ 101.5 $ 77.5 $ 24.0” 10-K for 2024
Our summaryThe company reported lower employee termination charges in 2025 than in 2024 as part of its restructuring, impairment and transaction-related charges.
Word for word“A $4.4 million decrease in employee termination charges from $30.5 million during the year ended December 31, 2024, to $26.1 million during the year ended December 31, 2025; b.” 10-K for 2025
Our summaryThe company said its restructuring program has included plant closures and headcount reductions to save costs.
Word for word“These challenges have, as needed, driven the Company to institute several cost saving measures through its restructuring program, including plant closures and headcount reductions.” 10-K for 2025
| Fiscal year ended | Severance costs | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $12.9 million | $55.6 million |
| 2017-12-31 | $26.4 million | $36.4 million |
| 2018-12-31 | $23 million | $43.8 million |
| 2019-12-31 | $22.2 million | $77.6 million |
| 2020-12-31 | $34.7 million | $44 million |
| 2021-12-31 | $9.9 million | $33 million |
| 2022-12-31 | $7.3 million | $21.4 million |
| 2023-12-31 | $35.1 million | $32.7 million |
| 2024-12-31 | $30.5 million | — |
| 2025-12-31 | $26.1 million | — |
Quad/Graphics 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 Quad/Graphics’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 2026-02-18. 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.