Toro layoffs, on the record
Every job cut, severance charge and restructuring Toro reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 10,706 to 9,227.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 10,706 | October 31, 2023 |
| 10-K for 2024 | 11,108 | October 31, 2024 |
| 10-K for 2025 | 9,227 | October 31, 2025 |
Job cuts, severance and restructuring
Our summaryIn October 2023 the company initiated a restructuring program, expected to be completed by the end of the first quarter of fiscal 2024, covering severance and other exit costs.
Word for word“In October of fiscal 2023, we initiated a restructuring program expected to be completed by the end of the first quarter of fiscal 2024.” 10-K for 2023
Our summaryEliminated approximately 300 salaried roles globally to better align the organization structure with long-term strategic priorities, with affected employees provided severance and termination benefits.
Word for word“During the first quarter of fiscal 2025, to better align our organization structure with our long-term strategic priorities, the company eliminated approximately 300 salaried roles globally.” 10-K for 2024
Our summaryThe company recorded productivity initiative charges under its AMP program for fiscal 2025 and 2024, mainly covering facility exit costs, severance and termination benefits, dedicated AMP personnel pay, consulting fees, and product-line exit costs.
Word for word“Productivity initiative charges for the fiscal years ended October 31, 2025 and 2024 primarily 46 Table of Contents represent facility exit costs, severance and termination benefits, compensation for fully-dedicated AMP personnel, third-party consulting costs, and product-line exit costs.” 10-K for 2025
Toro filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Toro’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 2025-12-17. 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.