Victory Capital Holdings layoffs, on the record
Every job cut, severance charge and restructuring Victory Capital Holdings reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryRestructuring and integration costs were recorded, with the 2023 and 2022 expense primarily due to personnel restructuring.
Word for word“The expense for the years ended December 31, 2023 and 2022 was primarily due to personnel restructuring.” 10-K for 2023
Our summaryRestructuring and integration costs in 2022 decreased due to personnel restructuring within the direct to investor business.
Word for word“The decrease is due to personnel restructuring within the direct to investor business.” 10-K for 2023
Our summarySeverance expense and other restructuring liabilities were recorded, including severance tied to the USAA AMCO acquisition in 2021.
Word for word“Severance expense USAA AMCO Acquisition — — 1.4 Other 0.6 0.3 0.4 Contract termination expense — 0.5 — Integration costs USAA AMCO Acquisition — — 0.5 Other — 0.1 0.3 Restructuring and integration costs 0.6 0.9 2.6 Settlement of liabilities ( 0.5 ) ( 0.9 ) ( 3.3 ) Liability balance, end of period $ 0.4 $ 0.3 $ 0.3 NOTE 5. Fair Value Measurements The Company determines the fair value of certain financial and nonfinancial assets and liabilities.” 10-K for 2023
Our summaryRestructuring and integration costs were $1.4 million in 2024, primarily relating to personnel restructuring and Amundi integration and conversion costs.
Word for word“The expense primarily relates to personnel restructuring and the year ended December 31, 2024 also includes integration and conversion costs related to the Amundi transaction.” 10-K for 2024
Our summaryRestructuring and integration costs were $0.9 million in 2022, primarily due to personnel restructuring.
Word for word“Restructuring and integration costs decreased $0.3 million to $0.6 million for the year ended December 31, 2023 compared to $0.9 million in the prior year.” 10-K for 2024
Our summarySeverance expense was recorded within the restructuring liability rollforward, totaling $0.4 million in 2024 and $0.6 million in 2023.
Word for word“Severance expense 0.4 0.6 0.3 Contract termination expense — — 0.5 Integration costs 1.0 — 0.1 Restructuring and integration costs 1.4 0.6 0.9 Settlement of liabilities ( 1.6 ) ( 0.5 ) ( 0.9 ) Liability balance, end of period $ 0.2 $ 0.4 $ 0.3” 10-K for 2024
Our summaryVictory Capital recorded restructuring and integration costs in 2025, mainly personnel restructuring and integration and conversion costs tied to the Amundi US transaction.
Word for word“The expense for the year ended December 31, 2025 primarily relates to personnel restructuring as well as integration and conversion costs related to the Amundi US transaction.” 10-K for 2025
Our summaryRestructuring and integration costs rose to $29.7 million in 2025 from $1.4 million the year before.
Word for word“Restructuring and integration costs increased $28.3 million to $29.7 million for the year ended December 31, 2025 compared to $1.4 million in the prior year.” 10-K for 2025
| Fiscal year ended | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $10 million | $7.6 million |
| 2017-12-31 | $6.2 million | $13.5 million |
| 2018-12-31 | $742,000 | $700,000 |
| 2019-12-31 | $8.7 million | $5.8 million |
| 2020-12-31 | $7.8 million | $9.8 million |
| 2021-12-31 | $2.6 million | $3.3 million |
| 2022-12-31 | $881,000 | $900,000 |
| 2023-12-31 | $595,000 | $500,000 |
| 2024-12-31 | $1.4 million | $1.6 million |
| 2025-12-31 | $29.7 million | $24.5 million |
Victory Capital Holdings 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 Victory Capital Holdings’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 2026-02-26. 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.