Strategic Education layoffs, on the record
Every job cut, severance charge and restructuring Strategic Education reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,774 full-time employees worldwide | As of December 31, 2023 |
| 10-K for 2024 | 3,801 full-time employees | As of December 31, 2024 |
Job cuts, severance and restructuring
Our summaryCompany incurred severance and other employee separation charges for the elimination of certain positions, recorded in Restructuring costs, outside any formal restructuring plan.
Word for word“During the year ended December 31, 2023, the Company incurred $ 12.0 million of severance and other employee separation charges related to the elimination of certain positions.” 10-K for 2023
Our summaryCompany recorded employee terminations tied to position eliminations during the year, which increased severance and other personnel-related restructuring expenses.
Word for word“Restructuring costs increased to $16.3 million in 2023 from $2.1 million in 2022, principally due to an increase of $10.5 million in severance and other personnel-related expenses from employee terminations related to position eliminations during the year, a decrease of $1.9 million in gains related to the sale of real estate and early terminations of leased facilities, and an increase of $1.8 million in right-of use lease asset and fixed asset impairment charges associated with vacating leased space in 2023.” 10-K for 2023
Our summaryCompany paid out its 2023 severance liability and recorded a remaining balance of severance restructuring liability at year end.
Word for word“Restructuring and other charges 12,015 Payments ( 11,220 ) Balance at December 31, 2023 (1) 795 _________________________________________________________ (1) Restructuring liabilities are included in accounts payable and accrued expenses.” 10-K for 2023
Our summaryCompany recorded 2022 and 2021 severance charges under the 2020 restructuring plan and the CEC integration plan, with final payments made in 2021 and 2022.
Word for word“In the third quarter of 2020, the Company began implementing a restructuring plan in an effort to reduce the ongoing operating costs of the Company to align with changes in enrollment following the COVID-19 pandemic.” 10-K for 2023
Our summaryCompany evaluated its real estate portfolio, consolidated and sold underutilized facilities, and recorded lease and fixed asset impairment charges and gains on sales within restructuring costs.
Word for word“The Company also recorded fixed asset impairment charges of approximately $ 2.7 million, $ 2.5 million and $ 0.4 million during the years ended December 31, 2021, 2022, and 2023, respectively.” 10-K for 2023
Our summaryCompany reported 2021 restructuring costs that included higher severance and personnel expenses from employee terminations.
Word for word“Restructuring costs decreased to $2.1 million in 2022 from $25.5 million in 2021, principally due to $3.7 million of right-of-use lease asset and fixed asset impairment charges associated with vacating leased space in 2022, compared to $21.6 million in 2021, as well as higher severance and other personnel-related expenses from employee terminations in 2021.” 10-K for 2023
Our summaryThe company recorded severance and other employee separation charges for the elimination of certain positions, included in restructuring costs, outside any formal restructuring plan.
Word for word“During the years ended December 31, 2023 and 2024, the Company incurred $ 12.0 million and $ 4.9 million, respectively, of severance and other employee separation charges related to the elimination of certain positions.” 10-K for 2024
Our summaryThe company recorded severance and other personnel-related expenses from employee terminations, which reduced restructuring costs in 2024 compared with 2023.
Word for word“Restructuring costs decreased to $1.6 million in 2024 from $16.3 million in 2023, primarily due to a $6.9 million decrease in severance and other personnel-related expenses from employee terminations, a $6.1 million increase in net gains related to the early termination of operating leases, and a $3.8 million decrease in asset impairment charges, partially offset by a $2.1 million gain from the sale of property and equipment of an owned campus in 2023.” 10-K for 2024
Our summaryThe company made severance payments under its 2020 restructuring plan, which was launched after the COVID-19 pandemic to reduce operating costs, with final payments made in 2022.
Word for word“The final severance payments under the 2020 Restructuring Plan were made in the third quarter of 2022.” 10-K for 2024
Our summaryRestructuring costs rose sharply in 2025, driven by higher severance for eliminated positions, asset impairments, lower lease termination benefits, and a loss on selling an owned campus.
Word for word“Restructuring costs. Restructuring costs increased to $21.9 million in 2025 from $1.6 million in 2024, primarily due to an $8.2 million increase in severance and other personnel-related expenses associated with the elimination of certain positions, a $6.3 million increase in asset impairment charges, a $5.8 million decrease in net benefits from the early termination of operating leases, and a $0.3 million loss from the sale of property and equipment of an owned campus in 2025.” 10-K for 2025
Our summaryThe company recorded severance and other separation charges for eliminated positions in 2023, 2024 and 2025, outside any formal restructuring plan.
Word for word“During the years ended December 31, 2023, 2024, and 2025, the Company incurred $ 12.0 million, $ 4.9 million and $ 13.3 million, respectively, of severance and other employee separation charges related to the elimination of certain positions.” 10-K for 2025
Our summaryRestructuring costs fell in 2024 from 2023 because of lower severance from employee terminations, larger lease termination gains, and lower impairments.
Word for word“Restructuring costs. Restructuring costs decreased to $1.6 million in 2024 from $16.3 million in 2023, primarily due to a $6.9 million decrease in severance and other personnel-related expenses from employee terminations, a $6.1 million increase in net gains related to the early termination of operating leases, and a $3.8 million decrease in asset impairment charges, partially offset by a $2.1 million gain from the sale of property and equipment of an owned campus in 2023.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $0 | $6.4 million |
| 2017-12-31 | $3.4 million | $7 million |
| 2018-12-31 | $0 | $4.7 million |
| 2019-12-31 | $0 | $10 million |
| 2020-12-31 | $12.4 million | $17.1 million |
| 2021-12-31 | $25.5 million | $6.1 million |
| 2022-12-31 | $2.1 million | $2.9 million |
| 2023-12-31 | $16.3 million | — |
| 2024-12-31 | $1.6 million | — |
| 2025-12-31 | $21.9 million | — |
Strategic Education 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 Strategic Education’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 2026-02-27. 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.