RingCentral layoffs, on the record
Every job cut, severance charge and restructuring RingCentral reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 4,084 to 7,378.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 4,084 | December 31, 2023 |
| 10-K for 2024 | 4,260 full-time employees | December 31, 2024 |
| 10-K for 2025 | 7,378 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryBoard approved a reduction-in-force plan (Q4'22 Plan) to align the cost base with strategic priorities; execution was completed as of December 31, 2023, with $15.2 million of total restructuring costs, of which $5.0 million was incurred in 2023.
Word for word“In the fourth quarter of 2022, the Company's board of directors approved a reduction-in-force plan (the “Q4’22 Plan”) as part of broader efforts to align the Company’s cost base with its strategic priorities.” 10-K for 2023
Our summaryManagement took further headcount actions during 2023 to optimize the cost structure, with severance and related costs; further actions expected to be substantially completed in 2024.
Word for word“During the year ended December 31, 2023, the Company’s management took further headcount actions as part of broader efforts to optimize the Company’s cost structure and incurred incremental restructuring costs of $ 15.4 million.” 10-K for 2023
Our summaryCompany expects additional restructuring costs from the 2023 headcount actions, subject to local law and consultation requirements in certain countries.
Word for word“The Company expects to substantially complete these additional actions in 2024 and estimates to incur incremental restructuring costs of approximately $ 5 million to $ 7 million in the first quarter of 2024, subject to local law and consultation requirements in certain countries.” 10-K for 2023
Our summaryThe company incurred restructuring costs as part of broader efforts to optimize its cost structure, mainly severance payments, employee benefits and related costs, and expects to substantially complete these actions in 2025.
Word for word“During the year ended December 31, 2024, the Company incurred restructuring costs of $ 12.6 million as part of the broader efforts to optimize the Company's cost structure.” 10-K for 2024
Our summaryThe company recorded restructuring costs in 2025 and 2024 as part of efforts to optimize its cost structure, mainly severance, employee benefits, contract termination and facility closure costs.
Word for word“During the year ended December 31, 2025 and 2024, the Company incurred restructuring costs of $ 18.1 million, and $ 12.6 million, respectively, as part of the broader efforts to optimize the Company’s cost structure.” 10-K for 2025
| Fiscal year ended | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|
| 2022-12-31 | $8 million | $12.7 million |
| 2023-12-31 | $15.4 million | $22.7 million |
| 2024-12-31 | $12.6 million | $14.2 million |
| 2025-12-31 | $18.1 million | $15.6 million |
RingCentral 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 RingCentral’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.