Stratrix
On the Record · QXO Building Products

QXO Building Products layoffs, on the record

Every job cut, severance charge and restructuring QXO Building Products reported in its annual reports, 2022 to 2024, quoted from the filings. Headcount went from 7,478 to 8,068.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 20227,478December 31, 2022
10-K for 20238,063December 31, 2023
10-K for 20248,068December 31, 2024

Job cuts, severance and restructuring

  1. Our summaryThe company reported restructuring costs stemming from headcount rationalization and other efforts, with a total of 10.1 million in 2022 (8.9 million in SG&A). Cost: 10.1

    Word for word“Restructuring costs 8.9 — — 1.2 — — 10.1 COVID-19 impacts 2.0 — — — — — 2.0 Total adjusting items $ 17.2 $ 84.1 $ — $ 5.2 $ — $ — $ 106.5 Year Ended December 31, 2021 Acquisition costs $ 2.6 $ 97.8 $ — $ 5.1 $ — $ — $ 105.5 Restructuring costs 3 10.4 2.2 22.3 2.1 60.3 — 97.3 COVID-19 impacts 2.3 — — — — — 2.3 Total adjusting items $ 15.3 $ 100.0 $ 22.3 $ 7.2 $ 60.3 $ — $ 205.1 Year Ended September 30, 2021 Acquisition costs $ 3.3 $ 101.1 $ — $ 6.1 $ — $ — $ 110.5 Restructuring costs 3 9.4 2.2 — 2.7 60.3 — 74.6 COVID-19 impacts 1.6 — — — — — 1.6 Total adjusting items $ 14.3 $ 103.3 $ — $ 8.8 $ 60.3 $ — $ 186.7 Year Ended September 30, 2020 Acquisition costs 4 $ 9.6 $ 119.3 $ — $ 8.0 $ (5.1) $ — $ 131.8 Restructuring costs 5 2.3 142.6 — 3.6 21.5 — 170.0 COVID-19 impacts 6 4.2 — — — — (0.7) 3.5 Total adjusting items $ 16.1 $ 261.9 $ — $ 11.6 $ 16.4 $ (0.7) $ 305.3 1.” 10-K for 2022

  2. Our summaryThe company described its restructuring costs as stemming from headcount rationalization efforts, branch re-organization, and other items. Cost: 97.3

    Word for word“Restructuring costs 3 10.4 2.2 22.3 2.1 60.3 — 97.3 COVID-19 impacts 2.3 — — — — — 2.3 Total adjusting items $ 15.3 $ 100.0 $ 22.3 $ 7.2 $ 60.3 $ — $ 205.1 Year Ended September 30, 2021 Acquisition costs $ 3.3 $ 101.1 $ — $ 6.1 $ — $ — $ 110.5 Restructuring costs 3 9.4 2.2 — 2.7 60.3 — 74.6 COVID-19 impacts 1.6 — — — — — 1.6 Total adjusting items $ 14.3 $ 103.3 $ — $ 8.8 $ 60.3 $ — $ 186.7 Year Ended September 30, 2020 Acquisition costs 4 $ 9.6 $ 119.3 $ — $ 8.0 $ (5.1) $ — $ 131.8 Restructuring costs 5 2.3 142.6 — 3.6 21.5 — 170.0 COVID-19 impacts 6 4.2 — — — — (0.7) 3.5 Total adjusting items $ 16.1 $ 261.9 $ — $ 11.6 $ 16.4 $ (0.7) $ 305.3 1.” 10-K for 2022

  3. Our summaryCompany reported restructuring costs tied to headcount rationalization efforts and rebranding, recorded as adjusting items for 2023.

    Word for word“Restructuring costs 0.5 — 1.5 2.0 COVID-19 impacts — — — — Total adjusting items $ 7.4 $ 85.0 $ 5.6 $ 98.0 Year Ended December 31, 2022 Acquisition costs $ 6.3 $ 84.1 $ 4.0 $ 94.4 Restructuring costs 8.9 — 1.2 10.1 COVID-19 impacts 2.0 — — 2.0 Total adjusting items $ 17.2 $ 84.1 $ 5.2 $ 106.5 Refer to Adjusted Net Income (Loss) below for the tax impact of adjusting items.” 10-K for 2023

  4. Our summaryCompany reported restructuring costs tied to headcount rationalization efforts for 2022.

    Word for word“Restructuring costs 8.9 — 1.2 10.1 COVID-19 impacts 2.0 — — 2.0 Total adjusting items $ 17.2 $ 84.1 $ 5.2 $ 106.5 Refer to Adjusted Net Income (Loss) below for the tax impact of adjusting items.” 10-K for 2023

  5. Our summaryThe company reduced its headcount at the end of the third quarter of 2024 in response to market conditions, as part of an operating cost reduction initiative. At the end of the third quarter of 2024

    Word for word“At the end of the third quarter of 2024, in response to market conditions, we reduced headcount.” 10-K for 2024

  6. Our summaryThe company recorded one-time severance and employee benefit costs for employees affected by its operating cost reduction initiative.

    Word for word“To a lesser extent, the increase in payroll and employee benefit costs was due to one-time severance and employee benefit costs for employees impacted by our operating cost reduction initiative.” 10-K for 2024

QXO Building Products filed 1 restructuring notice (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 QXO Building Products’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-27. 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.