Ryan Specialty Holdings layoffs, on the record
Every job cut, severance charge and restructuring Ryan Specialty Holdings reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 4,357 full-time employees | December 31, 2023 |
| 10-K for 2024 | approximately 5,250 | December 31, 2024 |
| 10-K for 2025 | approximately 6,110 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany initiated the ACCELERATE 2025 restructuring program to reduce costs and increase efficiencies, including compensation and benefits costs.
Word for word“In February 2023, the Company initiated the ACCELERATE 2025 program that will enable continued growth, drive innovation, and deliver sustainable productivity improvements over the long term.” 10-K for 2023
Our summaryRestructuring plan expected to cost about $90.0 million, including $25.0 million for employee compensation and benefits, and to generate annual savings of about $50.0 million in 2025.
Word for word“In its expanded form, the restructuring plan is expected to incur total restructuring costs of approximately $ 90.0 million through December 31, 2024 and to generate annual savings of approximately $ 50.0 million in 2025.” 10-K for 2023
Our summaryCompany recorded compensation and benefits restructuring expense under ACCELERATE 2025, with the remainder in general and administrative expense.
Word for word“During the year ended December 31, 2023, the Company recognized restructuring expenses of $ 22.6 million, including contractor costs, in Compensation and benefits, and $ 25.8 million in General and administrative expense on the Consolidated Statements of Income.” 10-K for 2023
Our summaryCompleted the ACCELERATE 2025 restructuring program, which was initiated in February 2023 to reduce costs and increase efficiencies, after recording cumulative one-time charges.
Word for word“The program concluded in the fourth quarter of 2024 and resulted in $108.1 million of cumulative one-time charges through December 31, 2024 , funded through operating cash flow.” 10-K for 2024
Our summaryRecorded restructuring costs under the ACCELERATE 2025 program, mainly compensation and benefits costs including contractor and workforce-related costs, with the plan expected to generate annual savings in 2025.
Word for word“For the year ended December 31, 2024 , we incurred restructuring costs of $59.7 million .” 10-K for 2024
Our summaryRecorded compensation and benefits restructuring expense for the ACCELERATE 2025 program, including severance, with the plan's employee compensation and benefits costs budgeted at $40.0 million in total.
Word for word“The table below presents the restructuring expense incurred: Year Ended December 31, 2024 2023 Total Operations and technology optimization $ 27,162 $ 25,995 $ 53,157 Compensation and benefits 32,217 11,320 43,537 Asset impairment and other termination costs 318 11,057 11,375 Total $ 59,697 $ 48,372 $ 108,069 .” 10-K for 2024
Our summaryThe company announced the Empower Program, a three-year restructuring program starting in early 2026, with expected one-time charges and annual savings.
Word for word“On February 12, 2026 , the Company announced the Empower program, a three -year restructuring program commencing in the first quarter of 2026 .” 10-K for 2025
Our summaryThe company launched the ACCELERATE 2025 restructuring program to cut costs and improve efficiency in operations and technology, with total expected costs of about $110 million through the end of 2024.
Word for word“In its expanded form, the restructuring plan was expected to incur total restructuring costs of approximately $ 110.0 million through December 31, 2024 .” 10-K for 2025
Our summaryThe company said the ACCELERATE 2025 restructuring costs in compensation and benefits included severance and other termination payments.
Word for word“The compensation and benefits expense included severance as well as employment costs related to services rendered between the notification and termination dates and other termination payments.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2020-12-31 | $10.8 million | $3.8 million |
| 2021-12-31 | $14.4 million | $21 million |
| 2022-12-31 | $5.7 million | $6 million |
| 2023-12-31 | $56.4 million | $49 million |
| 2024-12-31 | $82.4 million | $68.3 million |
Ryan Specialty Holdings 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 Ryan Specialty Holdings’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 2026-02-13. 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.