Root layoffs, on the record
Every job cut, severance charge and restructuring Root reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 1,021 to 1,256.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 1,021 | December 31, 2024 |
| 10-K for 2025 | 1,256 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRoot conducted strategic initiatives in 2022 that included a reduction in workforce, contract terminations and some office space reduction to cut costs.
Word for word“In 2022, we conducted strategic initiatives to reduce operating costs, improve efficiency, and increase focus on our strategic priorities.” 10-K for 2023
Our summaryRoot stated that a cash expenditure for employee compensation, dependent on continued employment, was made in January 2024 in connection with organizational realignment and involuntary workforce reductions.
Word for word“A cash expenditure related to employee compensation expense of $8.3 million, which was dependent upon continuous employment for certain employees, occurred in January 2024.” 10-K for 2023
Our summaryGeneral and administrative expenses fell in 2023 because of lower restructuring costs from reduced headcount, mainly from the involuntary workforce reductions in 2022.
Word for word“The decrease was driven by a $25.0 million decrease in Personnel Costs and a $7.4 million decrease in restructuring costs as a result of a decrease in headcount, primarily attributable to the involuntary workforce reductions in 2022.” 10-K for 2023
Our summaryCompany ran strategic initiatives to cut operating costs, which included a reduction in workforce levels, contract terminations, and some office space reductions.
Word for word“Beginning in 2022, we conducted strategic initiatives to reduce operating costs, improve efficiency, and increase focus on our strategic priorities.” 10-K for 2024
Our summaryRestructuring costs were recorded in general and administrative expenses, split into employee costs, real estate exit costs, and other costs.
Word for word“The following table displays restructuring costs recorded in general and administrative expenses on the consolidated statements of operations and comprehensive income (loss): For the Years Ended December 31, Cumulative Incurred Through December 31, 2024 2024 2023 2022 (dollars in millions) Restructuring costs: Employee costs $ 0.1 $ 7.7 $ 15.5 $ 23.3 Real estate exit costs 0.1 — 2.1 2.2 Other costs — 3.5 1.0 4.5 Total restructuring costs $ 0.2 $ 11.2 $ 18.6 $ 30.0 118” 10-K for 2024
Our summaryCompany stated it does not expect material additional restructuring expenditures in future periods, and the restructuring liability was fully paid down by year-end 2024.
Word for word“As of December 31, 2024, we do not expect to incur any additional material expenditures in future periods related to restructuring actions that have occurred.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2022-12-31 | $11.2 million | $8 million |
| 2023-12-31 | $10.7 million | $5.6 million |
| 2024-12-31 | $100,000 | $8.4 million |
Root filed 2 restructuring notices (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 Root’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 2026-02-25. 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.