TransUnion layoffs, on the record
Every job cut, severance charge and restructuring TransUnion reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 13,200 to approximately 13,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 13,200 | December 31, 2023 |
| 10-K for 2024 | approximately 13,400 | December 31, 2024 |
| 10-K for 2025 | approximately 13,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany ran a multi-year Project Rise restructuring with employee separation costs, expanded in February 2022 and expected to finish in 2024.
Word for word“Project Rise was announced in February 2020 and expanded in February 2022, and is expected to be completed in 2024 with a total estimated expense of approximately $240.0 million, including the approximately $65.0 million to be incurred in 2024, as discussed above.” 10-K for 2023
Our summaryCompany recorded restructuring expenses for employee separation and non-cash facility lease impairments under Project Rise in 2023.
Word for word“For the year ended December 31, 2023, we incurred total expenses associated with this effort of $77.6 million.” 10-K for 2023
Our summaryCompany had accrued liabilities for future payment of employee separation costs.
Word for word“We have accrued liabilities for the payment of employee separation costs of $64.9 million as of December 31, 2023.” 10-K for 2023
Our summaryCompany announced an operating model optimization program, the next step in its multi-year transformation, which relates to restructuring expenses.
Word for word“In November 2023, we announced the next step in our ongoing, multi-year transformation effort to optimize our operating model and further capitalize on the success of our GCCs.” 10-K for 2023
Our summaryOperating model optimization program, announced by the Board in November 2023, eliminates certain roles and reduces the facility footprint; employee separation costs were recorded as restructuring expense.
Word for word“On November 12, 2023, our Board of Directors (“Board”) a pproved a transformation plan to optimize our operating model and continue to advance our technology.” 10-K for 2024
Our summaryCompany recorded restructuring expense for employee separation and facility exits under the operating model optimization program.
Word for word“For 2024, these expenses include approximately $24.7 million related to employee separation and $42.1 million related to facility exits, including a loss on early termination of a facility lease.” 10-K for 2024
Our summaryProject Rise, an earlier operating model optimization program, was completed in 2024 with cumulative expenses for the program reported through year-end 2024.
Word for word“Project Rise was announced in February 2020 and expanded in February 2022, and completed in 2024 with a total estimated expense of approximately $240.0 million, including the approximately $65.0 million to be incurred in 2024, as discussed above.” 10-K for 2024
Our summaryCompany terminated a facility lease in connection with the restructuring, recording a loss on early termination.
Word for word“The Company recognized a loss on early termination of the lease of $ 40.5 million, which includes expense of $ 12.4 million principally associated with leasehold improvements in connection with terminating the lease.” 10-K for 2024
Our summaryRestructuring expenses under the operating model optimization program included employee separation costs in each of 2025, 2024 and 2023.
Word for word“These expenses included $6.8 million, $24.7 million and $71.9 million of employee separation expenses for 2025, 2024, and 2023, respectively.” 10-K for 2025
Our summaryThe company recorded facility exit costs in restructuring, including a loss on early termination of a facility lease in 2024.
Word for word“Facility exit costs of $42.1 million, including a loss on early termination of a facility lease, and $3.4 million were included in restructuring expenses for 2024 and 2023, respectively.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2021-12-31 | — | $0 | — |
| 2022-12-31 | — | $0 | — |
| 2023-12-31 | $71.9 million | $75.3 million | $7.2 million |
| 2024-12-31 | $24.7 million | $66.8 million | $75.7 million |
| 2025-12-31 | $6.8 million | $6.8 million | $9.8 million |
TransUnion 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 TransUnion’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.