TD Synnex layoffs, on the record
Every job cut, severance charge and restructuring TD Synnex reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryIn July 2023 the company offered a voluntary severance program to certain co-workers in the United States as part of cost optimization efforts related to the Merger.
Word for word“In July 2023, we offered a voluntary severance program ("VSP") to certain co-workers in the United States as part of our cost optimization efforts related to the Merger.” 10-K for 2023
Our summaryThe company recorded acquisition, integration and restructuring costs under the GBO 2 Program, which wound down and was completed as of November 30, 2023.
Word for word“We incurred acquisition, integration, and restructuring costs under the GBO 2 Program of $9.4 million and $31.5 million during the fiscal years ended November 30, 2023 and 2022 , respectively.” 10-K for 2023
Our summaryIncurred Global Business Optimization 2 Program costs, which the company does not expect to incur further.
Word for word“Costs related to the GBO 2 Program were $3.9 million and $9.4 million during the fiscal years ended November 30, 2024 and 2023 , respectively.” 10-K for 2024
Our summarySubstantially completed acquisition, integration and restructuring activities related to the Merger, with no related expenses expected in future periods.
Word for word“We substantially completed the acquisition, integration and restructuring activities related to the Merger during the first half of fiscal year 2024, and there are no related expenses expected in future periods.” 10-K for 2024
Our summaryThe company recorded costs for the voluntary severance program in fiscal year 2024, split between severance and duplicative labor costs.
Word for word“We incurred $10.1 million of costs in connection with the VSP during fiscal year 2024, including $8.0 million of severance costs and $2.1 million of duplicative labor costs.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2021-11-30 | $8.7 million | $7.4 million |
| 2022-11-30 | $21.9 million | $21.7 million |
TD Synnex 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 TD Synnex’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 2026-01-27. 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.