Stagwell layoffs, on the record
Every job cut, severance charge and restructuring Stagwell reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 10,250 full-time employees | December 31, 2023 |
| 10-K for 2024 | approximately 11,857 | December 31, 2024 |
| 10-K for 2025 | approximately 10,951 full-time employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company restructured agency teams and used AI for business optimization, which lowered staff costs.
Word for word“This increase was primarily attributable to higher staff costs due to the growth in Net revenue, partially offset by a decrease in staff costs due to business optimization efforts through the use of AI and restructuring of agency teams.” 10-K for 2025
Our summaryOther items, net fell mainly because of a gain on a lease termination tied to real estate consolidation and a drop in severance expense.
Word for word“Other items, net decreased $10.0 million, primarily attributable to a lease termination during the first quarter of 2025 as part of the real estate consolidation initiatives resulting in a gain of $3.5 million and a decrease in severance of $4.5 million.” 10-K for 2025
| Fiscal year ended | Severance costs |
|---|---|
| 2022-12-31 | $10.6 million |
Stagwell 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 Stagwell’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 2026-03-13. 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.