StoneX layoffs, on the record
Every job cut, severance charge and restructuring StoneX reported in its annual reports, 2022 to 2025, quoted from the filings. Headcount went from more than 3,600 to more than 5,400.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | more than 3,600 | September 30, 2022 |
| 10-K for 2023 | more than 4,000 | September 30, 2023 |
| 10-K for 2024 | more than 4,500 | September 30, 2024 |
| 10-K for 2025 | more than 5,400 | September 30, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded severance costs in fiscal 2022 within employee benefits and other compensation.
Word for word“During the year ended September 30, 2022, severance costs were $2.6 million.” 10-K for 2022
Our summaryThe company recorded higher severance costs in fiscal 2021, mainly from the departure of certain senior officers.
Word for word“During the year ended September 30, 2021, severance costs were $7.7 million, principally due to the departure of certain senior officers.” 10-K for 2022
Our summaryThe company recorded severance costs in fiscal 2020.
Word for word“During the during the year ended September 30, 2020, severance costs were $1.5 million.” 10-K for 2022
Our summaryThe company recorded severance costs in fiscal 2023, mainly tied to a reorganization within its Global Payments business.
Word for word“During the fiscal year ended September 30, 2023, severance costs were $14.9 million, principally related to a reorganization within the Global Payments business.” 10-K for 2023
Our summaryFixed compensation rose partly because of severance paid for a reorganization of the business, which is expected to lower variable compensation as a share of revenues.
Word for word“The increase in non-variable direct expenses was primarily driven by a $17.7 million increase in fixed compensation and benefits, including 54 Table of Contents $10.0 million in severance related to a reorganization of the business.” 10-K for 2023
Our summaryThe company recorded severance costs in fiscal 2024 for the departure of several employees, including an executive officer.
Word for word“During the fiscal year ended September 30, 2024, severance costs were $8.0 million, relating to the departure of several employees, including the executive officer mentioned above.” 10-K for 2024
Our summaryThe company recorded severance, accelerated incentive and share-based compensation costs from the departure of two executive officers.
Word for word“Fixed compensation and benefits for the year ended September 30, 2025 and 2024 included, in aggregate, $6.6 million and $4.5 million, respectively, related to severance, accelerated long-term incentive and accelerated share-based compensation due to the departure of two executive officers.” 10-K for 2025
StoneX 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 StoneX’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-11-28. 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.