Ryder System layoffs, on the record
Every job cut, severance charge and restructuring Ryder System reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 47,500 to 51,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 47,500 | December 31, 2023 |
| 10-K for 2024 | approximately 50,700 full-time employees in North America | December 31, 2024 |
| 10-K for 2025 | 51,600 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRyder exited its FMS U.K. business, and restructuring liabilities related to that exit were still held at year-end 2022.
Word for word“As of December 31, 2022, includes $ 13 million of restructuring liabilities related to the exit of the FMS U.K. business.” 10-K for 2023
Our summaryCompany reported restructuring and other items, net of 13 million dollars in 2024, which it says reflects items excluded from segment performance.
Word for word“Restructuring and other items, net $ 13 $ (21) $ 2 NM NM Refer to Note 20, “Other Items Impacting Comparability” in the Notes to Consolidated Financial Statements for a discussion of restructuring charges and other items.” 10-K for 2024
Our summaryCompany recorded severance costs tied to cost savings initiatives across all three segments.
Word for word“In 2024, primarily reflects severance costs associated with cost savings initiatives in all three segments.” 10-K for 2024
Our summaryIn 2025 the company recorded restructuring charges to consolidate and close certain facilities, stop using certain assets, and pay severance tied to cost savings initiatives.
Word for word“(3) In 2025, these costs primarily reflect restructuring actions to consolidate and close certain facilities, cease the use of certain assets and severance costs related to cost savings initiatives.” 10-K for 2025
Our summaryIn 2024 the company recorded severance costs from cost savings initiatives in all three of its segments.
Word for word“In 2024, these costs primarily reflect severance costs associated with cost savings initiatives in all three segments.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | — | $5.1 million | $10.1 million |
| 2017-12-31 | — | −$3 million | — |
| 2018-12-31 | — | −$4 million | — |
| 2021-12-31 | $8 million | — | — |
Ryder System 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 Ryder System’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 2026-02-11. 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.