Qxo layoffs, on the record
Every job cut, severance charge and restructuring Qxo reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2025 | 7,794 | December 31, 2025 |
Job cuts, severance and restructuring
Our summarySeverance payment contemplated in the Investment Agreement for Mark Meller was cited as a driver of higher operating expenses.
Word for word“The year-over-year increases in operating expenses are primarily due to: i) salary and expense and share-based compensation associated with the new senior management team put in place to execute our expansive growth plan, ii) the severance payment contemplated in the Investment Agreement for Mark Meller and, iii) certain transaction costs associated with the private placements and our strategic plan.” 10-K for 2024
Our summaryCompany recorded severance costs as an adjustment in its Adjusted EBITDA reconciliation for 2024.
Word for word“Severance costs 2,768 — Adjusted EBITDA $ (19,832) $ 2,717 The year-over-year decline for the year ended December 31, 2024 Adjusted EBITDA was due to higher employee-related costs, reflecting the introduction of a new senior management team to execute the Company’s expansive growth plan.” 10-K for 2024
Our summaryAfter the Beacon acquisition, the company adopted a restructuring plan to streamline the organization and cut costs. It recorded pre-tax restructuring charges of $100.7 million, made up of severance, a stock-based compensation charge, and lease abandonment costs.
Word for word“As a result of the restructuring plan, the Company recorded $ 100.7 million in pre-tax restructuring charges , comprised of $ 54.6 million of severance and employee-related costs associated with corporate workforce optimization, a $ 41.1 million stock-based compensation charge associated with the impacted employees, and $ 5.0 million of lease abandonment costs.” 10-K for 2025
Our summaryThe company expects to pay the severance and employee-related restructuring liability in full by mid-2026.
Word for word“The severance and employee-related restructuring charge liability is expected to be paid in full by June 2026.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2025-12-31 | $100.7 million |
Qxo 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 Qxo’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 2026-02-27. 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.